Conceal payee in doc

Aug 6th, 2022
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How to conceal payee in doc

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- [Narrator] Anyone who receives Social Security benefits should decide how their money is spent. And you might have a representative payee to help you manage that money, whether itamp;#39;s a friend, a relative or an agency. Unfortunately, sometimes representative payees donamp;#39;t manage your money the way you want them to. For example, maybe your payee bought the wrong things from the grocery store. Or maybe your phone bill wasnamp;#39;t paid and itamp;#39;s past due. Or maybe your payee tells you there isnamp;#39;t enough money for what you want, even though you think you have plenty. Sometimes this happens when a representative payee makes a mistake. And sometimes itamp;#39;s when a representative payee is taking money for themselves. What do you do if you think your representative payee is doing something wrong while managing your money? Or what if someone you know is experiencing problems with their representative payee? Thatamp;#39;s where the Pamp;amp;A comes in. A P

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Who Is the Alternate Payee in a QDRO? A QDRO grants the retirement accounts alternate payee the right to a portion of the retirement benefits that the former spouse (the participant) earned through an employer-sponsored retirement plan. The payee may be a spouse or a dependent.
ERISA provides that a person who is an alternate payee under a QDRO generally shall be considered a beneficiary under the plan for purposes of ERISA.
Go to SAP transaction SQVI and create a new QuickView. Choose Data Source table and table=LFA1. On the next screen, select fields that you want to see in the report/QuickView results, e.g. vendor number and name, and name of alternative payee.
Permitted Payee: Is a alternative you define for document level, i.e. If you want that only for a particular invoice vendor wants the payment to be made to some other party.
If the alternate payee dies before they elect to commence benefits associated with the terms of the QDRO, no benefits may become payable to their beneficiary or estate. Even if the QDRO indicates for payments to be made to the beneficiary or estate of the alternate payee, it will be rejected by the plan administrator.
Generally, QDROs are used either to provide support payments (temporary or permanent) to the alternate payee (who may be the spouse, former spouse or a child or other dependent of the participant) or to divide marital property in the course of dissolving a marriage.
Alternative Payee In Document is a field available in the general data selection criteria in the Vendor Master. If this field is enabled the payment technically can be made to anyone who may or may not exist in the Vendor Master.
(8) Alternate payee defined The term alternate payee means any spouse, former spouse, child or other dependent of a participant who is recognized by a domestic relations order as having a right to receive all, or a portion of, the benefits payable under a plan with respect to such participant.

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