This page (revision-36) was last changed on 26-Nov-2021 10:22 by JMyers

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Pay Code Description and Formula Work Schedule Code
‘01’ Monthly Full time monthly paid employee works an average of 173 hours per month. To determine the monthly average when only a weekly average is known, use the following formula (rounded to nearest whole number): (Hrs per week * Weeks per Year) divided by Months per Year 173
‘04’ Hourly Full time Hourly paid employee works an average of 37.50 hrs/week. 375
‘09’ Special Only used for CC09 – Special
||Pay Code||Description and Formula||Work Schedule Code
|‘01’ Monthly | Full time monthly paid employee works an average of 173 hours per month. To determine the monthly average when only a weekly average is known, use the following formula (rounded to nearest whole number): (Hrs per week * Weeks per Year) divided by Months per Year|173
|‘04’ Hourly|Full time Hourly paid employee works an average of 37.50 hrs/week.|375
|‘09’ Special|Only used for CC09 – Special|
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!!CAPERS Setup
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Benefit Plan Types - IBPT
!!!Benefit Plan Types - IBPT
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If this is spelled differently, the program will not work.
%%warning If this is spelled differently, the program will not work.%%
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!!!Benefit Plans - IBPN
Benefit Components are used to calculate and store the values for CAPERS. These values must be qualified, for the report by what type of contribution they represent (which Contribution Code). Users must analyze the possible types of contributions made at their site, and set up the appropriate Benefit Component as described. \\
%%warning In the benefits components in the next section, the result of the component must be stored into a pay component where indicated. This may be zero but it must be stored. Define the appropriate pay component ('PC Code' field), on each Benefit Component, and ensure that the 'action' is "Store Line and Enroll".%%
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Benefit Plans - IBPN
Benefit Components are used to calculate and store the values for CAPERS. These values must be qualified, for the report by what type of contribution they represent (which Contribution Code). Users must analyze the possible types of contributions made at their site, and set up the appropriate Benefit Component as described.
Regular Enrollment Dates
__Regular Enrollment Dates__
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Member Earnings
__Member Earnings__
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Total Employee and Employer Contributions (Premium Amount)
__Total Employee and Employer Contributions (Premium Amount)__
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Survivor Contribution
__Survivor Contribution__
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Quadri-weekly $1.86 Use Benefit Component B0695 to enter this amount. This amount can be entered either through the benefit component value, a UserCalc, or through the member’s enrollment record.
Quadri-weekly $1.86 Use Benefit Component B0695 to enter this amount. This amount can be entered either through the benefit component value, a UserCalc, or through the member’s enrollment record.
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Employer Contribution Amount Use Benefit Component B0800 through B0849 to set up the Employer Contribution Amount. This amount will appear only in the CAPERS Contribution Summary Report. Enter the Employer Contribution Rate as a percentage, i.e. 8.25% would be entered as 8.2500. This amount can be set up as either ‘Same as Premium Amount’, ‘Premium Amount Less Employee
__Employer Contribution Amount__
Use Benefit Component B0800 through B0849 to set up the Employer Contribution Amount. This amount will appear only in the CAPERS Contribution Summary Report. Enter the Employer Contribution Rate as a percentage, i.e. 8.25% would be entered as 8.2500. This amount can be set up as either ‘Same as Premium Amount’, ‘Premium Amount Less Employee
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Member Contributions (Employee Paid Amount) Use Benefit Component B1000 through B1048 to set up the Member Contributions. This amount will appear on the CAPERS report as the Normal Member Contribution Amount. Enter the Member Contribution Rate as a percentage, i.e. 7.00% would be entered as 7.0000. This amount can be derived using the rules ‘Same as Premium Amount’, ‘Premium Amount Less Employer
Contribution’, or as ‘Employee Percentage on Member Earnings’.
Member Contributions (Employee Paid Amount) Use Benefit Component B1000 through B1048 to set up the Member Contributions. This amount will appear on the CAPERS report as the Normal Member Contribution Amount. Enter the Member Contribution Rate as a percentage, i.e. 7.00% would be entered as 7.0000. This amount can be derived using the rules ‘Same as Premium Amount’, ‘Premium Amount Less Employer Contribution’, or as ‘Employee Percentage on Member Earnings’.
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Special Setup situation for Contribution Receivables (Code ‘04’/’14’)
This special Benefit Component Coverage setup applies only to installations where an Employee is enrolled in a CAPERS Coverage who has Contribution Receivable that is contrary to the Normal Situation.
__Special Setup Situation for Contribution Receivables (Code ‘04’/’14’)__
This special Benefit Component Coverage setup applies only to installations where an employee is enrolled in a CAPERS Coverage who has Contribution Receivable that is contrary to the Normal Situation.
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Also the ‘Component Action’ in B1044, and/or B1274 should not be ‘Stored in the Benefit Lines’.
Also the ‘Component Action’ in B1044, and/or B1274 should not be ‘Stored in the Benefit Lines’.
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Tax Deferred Amount
Use Benefit Components B1270 through B1276 to set up the Tax Deferred Amount. This amount can be derived as either ‘Same as Employee Amount’, or ‘Same as Employer Amount’.
__Tax Deferred Amount__
Use Benefit Components B1270 through B1276 to set up the Tax Deferred Amount. This amount can be derived as either ‘Same as Employee Amount’, or ‘Same as Employer Amount’.
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Coverage Rates
__Coverage Rates__
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List of Benefit Components
!!!List of Benefit Components
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