Benefits Administration Annual Amounts not Correct for 27 Pay Periods
(Doc ID 621362.1)
Last updated on MAY 19, 2021
Applies to:PeopleSoft Enterprise HCM Benefits Administration - Version 9 to 9.1 [Release 9 to 9.0]
Information in this document applies to any platform.
When calculating the per pay period amount for benefits plans (other than FSA), the deduction calculation routine uses the pay periods per year set on the Pay calendar table. If the amount of calendars exceed the average pay periods for each year, then the reannualization of the costs is not correct as it uses a hardcoded value. For example, with 27 pay periods, the biweekly cost of ADD is $.053. (14.30 / 27). The problem is, the annual amount is now $13.87 ($0.53 * 26) which is not correct. The value of "26" or "52" for weekly is hardcoded in the program PSPANNLZ.cbl.
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