EPY: How to Calculate Colorado Pay Sick Leave Rate?
(Doc ID 2925836.1)
Last updated on APRIL 15, 2024
Applies to:
PeopleSoft Enterprise HCM Payroll for North America - Version 9.2 and laterInformation in this document applies to any platform.
Goal
Rate calculation has changed when Colorado Paid Sick Leave(PSL) is used.
The only method of calculation of the rate of paid sick leave is to do a 30-day look back (from the 30 days prior to the date of the leave) and take all regular wages plus shift differential premiums and then divide that by the regular hours and shift differential hours worked to arrive at the rate of pay for paid sick leave. Example: Employee takes 8 hours of PSL on 12/31. In the 30 days prior, he worked 120 hours at a regular rate of $15.00 and 40 hours at a shift differential rate of $17.50. The rate of pay for the PSL should be $15.625, which is ([$15.00 x 120]+[$17.50 X 40])/160.
How this calculation will be addressed?
Solution
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In this Document
Goal |
Solution |
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