EPY: Imputed Income Adjustment Process (PSPIMRUN ) Calculates a Refund for the Full Month if Employee Terminates Prior to Last Day Of Month
Last updated on MAY 14, 2018
Applies to:PeopleSoft Enterprise HCM Payroll for North America - Version 9.1 and later
Information in this document applies to any platform.
A bi-weekly employee has a before tax supplemental life enrollment deduction which calculates a taxable benefit.
In a specific situation, the employee was paid through the end of the month, but a retroactive termination was processed with effective date mid month.
When running the PSPIMRUN imputed income adjustment process, it calculates a refund adjustment for the entire month of termination.
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