No payroll period found for the period parameter &

What causes this issue?

In order to calculate a waiting period, the system tried to evaluate
the begin and end date of a payroll period for period parameter &V1& at
a certain key date. No corresponding payroll period information could
be found for this date in the <ZK>Payroll Periods</> table T549Q.

System Response

Processing terminated since the waiting date criteria could not be
calculated.

How to fix this error?

Make sure that the table T549Q contains entries at least up to the
highest possible key date needed for benefits administration.
Make sure that you have not defined unreasonable waiting periods in
Customizing that make use of payroll periods to calculate the begin
date.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.