Employer Disability Deductions Are Incorrect For Mid Year Salary Change
(Doc ID 1578588.1)
Last updated on AUGUST 31, 2023
Applies to:
PeopleSoft Enterprise HCM Human Resources - Version 9.1 to 9.2 [Release 9]Information in this document applies to any platform.
Symptoms
The NonTaxable deduction amounts reflect the salary as of Check Date instead of This Year on 1/1 for the premium calculation.
The After Tax deduction correctly uses the This Year on 1/1 Premium configuration.
This is an issue with the following configuration:
Calculation Rules Table configuration:
Use Benefits Base As Of = This Year On, Month 1, Day 1
Source for Benefit Base = Annual Rate (not ABBR)
Coverage Formula Table configuration:
Benefit Base
Premium Base As Of = This Year On, Month 1, Day 1
Coverage Base As Of = Check Date
Source for Benefit Base = Annual Rate (not ABBR)
Coverage Formula = ((BASE)/12)
Coverage Max = 11,667
Plan Attributes/ Disability Table
Salary Replacement = 70%
Use as Base for Premium Calc = No
Changes
Cause
To view full details, sign in with your My Oracle Support account. |
|
Don't have a My Oracle Support account? Click to get started! |
In this Document
Symptoms |
Changes |
Cause |
Solution |
References |