Pair formation: Change too far in past (recalculation only up to &1)

What causes this issue?

The earliest recalculation date for pair formation is set to &V1& in
the <DS:DE.PRTEV>Earliest personal retroaccounting date for time
evaluation</> field of the <ZH>Payroll Status</> infotype (0003) or the
<ZH>Earliest Personal Retroactive Accounting Dates</> view.

System Response

You may make entries before this date but recalculation is only
performed up to &V1&.

How to fix this error?

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.