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EPY: FLSA OT & Premium Pay Rounding Not Compliant With OPM Standards for USF (Doc ID 3001647.1)

Last updated on FEBRUARY 01, 2024

Applies to:

PeopleSoft Enterprise HCM Payroll for North America - Version 9.2 and later
Information in this document applies to any platform.

Symptoms

FLSA OT and Premium Pay Rounding not compliant with OPM standards

When processing pay calculation for employees with hourly FLSA OT, OT, and Premium pay, the rate is not calculated to the OPM requirement.

See requirement: https://www.opm.gov/policy-data-oversight/pay-leave/pay-administration/fact-sheets/how-to-compute-rates-of-pay/


Rates must be rounded to the nearest cent, counting one-half cent and over as the next higher cent (e.g., round $18.845 to $18.85)


The issue can be reproduced with the following steps:
1. Create paysheets - Payroll for North America>Payroll Processing USF>Create and Load Paysheets>Create Paysheets
2. Enter 40 hours for REG and 6 hours for OTP on paysheets - Payroll for North America>Payroll Processing USF>Update Paysheets>By Payline
3. Run payroll calculation - Payroll for North America>Payroll Processing USF>Produce Payroll>Calculate Payroll
4. Review the paycheck earnings that shows the rounding happens after the 6 hours are applied and not before - Payroll for North America>Payroll Processing USF>Produce Payroll>Review Paycheck

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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