Flexible Spending Account Using Incorrect Pay Periods for Annual Deduction
Last updated on JULY 18, 2016
Applies to:Oracle Advanced Benefits - Version 18.104.22.168 and later
Information in this document applies to any platform.
On : 22.214.171.124 version, Oracle Advanced Benefits
When using per pay period FSA enrollment for a biweekly payroll, the employee need to fill out their per period deductions, and the system will calculate the total annual deductions based on the pay periods left.
The total pay period left is actually one pay period more than it is supposed to be.
For example, if one new hire starting from 01-JAN-2012 enrolls $100 for per pay period, based on fiscal year setup in Oracle (01-MAY-2011-30-APR-2012), it should only have 8 pay periods left, so the annual deduction will be $800.
Instead, the system is showing $900 instead, which is very confusing to user.
It should have only 8 Pay periods left and hence Annual Deduction should show as $800.
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