Fluid Benefits Summary Latest Deduction Includes Taxable Deduction Class As Employer Cost For Life Plans
(Doc ID 2802856.1)
Last updated on AUGUST 27, 2021
Applies to:PeopleSoft Enterprise HCM Benefits Administration - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.
For life insurance plans, imputed income indicated with the Taxable Benefit tax class is included in employer costs on the Fluid Benefits Summary, Latest Deduction section and makes it appear as though the company is paying a portion of premiums for plans that are 100% employee paid.
The issue can be reproduced at will with the following steps:
1. Review employee Self Service > Benefits Summary > Life Plan Tile to see the Last Paycheck details includes a Total Employer Cost rather than having it broken out to show what portion is Taxable imputed income.
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