Age Reduction On The Coverage Formula Table Is Not Applied To The Calculated Base
Last updated on DECEMBER 13, 2017
Applies to:PeopleSoft Enterprise HCM Human Resources - Version 9 to 9.1 [Release 9]
Information in this document applies to any platform.
Life Insurance plans are set up with age reduction for employees over a certain age. The Calculated Base is not being reduced at all. Therefore, the Calculated Base amount in Pay Check Deduction shows the wrong amount, resulting in incorrect deductions and imputed income.
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