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At line 74 changed one line
This example shows some example UserCalcs that are required to be written and maintained by user.
This example shows some example [UserCalcs|USERCALC] that are required to be written and maintained by user.
At line 76 changed one line
This PN-PSPP plan example will have three example coverage codes: CONTRIBUTION, LTD and NO-CONTRIBUTION. The PC codes, Pay Element names, and UserCalc names used in this example are for illustration purpose only and should be modified as required.
This PN-PSPP plan example will have three example coverage codes: CONTRIBUTION, LTD and NO-CONTRIBUTION. The [PC codes|PAY COMPONENTS], [Pay Element|PAY ELEMENTS] names, and [UserCalc|USERCALC] names used in this example are for illustration purpose only and should be modified as required.
At line 78 changed 5 lines
;PN-PSPP: CONTRIBUTION Coverage
*For Pension calculation earnings will be derived from the following element:
**PEN EARN TOTAL - this element is a complex element that contains elements PEN-PD-EARNS and PEN-UNPD-EARNS
**Each of these elements has a corresponding Hours Element which is required for reporting
*Not included in calculation but needed for report are the following elements: PEN NC EARN and PEN NC HOURS
;PN-PSPP - CONTRIBUTION Coverage
*For Pension calculation earnings will be derived from the following [element|PAY ELEMENTS]:
**PEN EARN TOTAL - this [element|PAY ELEMENTS] is a complex element that contains [elements|PAY ELEMENTS] PEN-PD-EARNS and PEN-UNPD-EARNS
**Each of these [elements|PAY ELEMENTS] has a corresponding Hours Element which is required for reporting
*Not included in calculation but needed for report are the following [elements|PAY ELEMENTS]: PEN NC EARN and PEN NC HOURS
At line 90 changed one line
* A UserCalc (suggested name BE-PENS-CAP) will have to be written to cap the employee's earnings at 4320.00
* A [UserCalc|USERCALC] (suggested name BE-PENS-CAP) will have to be written to cap the employee's earnings at 4320.00
At line 95 changed one line
* A UserCalc will be written to automatically set the expire date to be:
* A [UserCalc|USERCALC] will be written to automatically set the expire date to be:
At line 98 changed one line
** PC 980 (PSPP-Con-Hours) - this is calculated via a UserCalc PR-PENCONT-HRS and is based on the amount in PC 1980 being greater than 0
** PC 980 (PSPP-Con-Hours) - this is calculated via a [UserCalc|USERCALC] PR-PENCONT-HRS and is based on the amount in PC 1980 being greater than 0
At line 101 changed 2 lines
** The Employer amount is stored in a Pay Component
** The Member (EE) amount is stored in a Pay Component
** The Employer amount is stored in a [Pay Component|PAY COMPONENT]
** The Member (EE) amount is stored in a [Pay Component|PAY COMPONENT]
At line 105 changed 36 lines
;Example 1:
;:Maximum Biweekly Cap 1 = 1580.77
;:Maximum Biweekly Cap 2 = 4320.38
;:Premium rate up to Cap 1= 0.0617
;:Premium Rate up to Cap 2 = 0.0881
;:Employee's Biweekly Earnings = 1200.00
;:Premium = (1200.00 * 0.0617) = 74.04
;:Employer pays 74.04
;:Member (EE) pays 74.04
;Example 2:
;:Maximum Biweekly Cap 1 = 1580.77
;:Maximum Biweekly Cap 2 = 4320.38
;:Premium rate up to Cap 1= 0.0617
;:Premium Rate up to Cap 2 = 0.0881
;:Employee's Biweekly Earnings = 2000.00
;:Premium 1 = (1580.77 * 0.0617) = 97.53
;:Premium 2 = (419.23 *0.0881) = 36.93
;:Total Premium = 97.53 + 36.93 = 134.46
;:Employer Pays = 134.46
;:Member (EE) Pays = 134.46
;Example 3:
;:Maximum Biweekly Cap 1 = 1580.77
;:Maximum Biweekly Cap 2 = 4320.38
;:Premium rate up to Cap 1= 0.0617
;:Premium Rate up to Cap 2 = 0.0881
;:Employee's Biweekly Earnings = 5000.00
;:Premium 1 = (1580.77 * 0.0617) = 97.53
;:Premium 2 = (2739.61 *0.0881) = 241.36
;:The amount of 2739.61 was derived from the following: Maximum Biweekly Cap 2 -Maximum Biweekly Cap 1 = 4320.38-1580.77 = 2739.61
;:Total Premium = 338.89
;:Employer Pays = 338.89
;:Member (EE) Pays = 338.89
;PN-PSPP: LTD Coverage
;:''Example 1:''
;:''Maximum Biweekly Cap 1 = 1580.77''
;:''Maximum Biweekly Cap 2 = 4320.38''
;:''Premium rate up to Cap 1= 0.0617''
;:''Premium Rate up to Cap 2 = 0.0881''
;:''Employee's Biweekly Earnings = 1200.00''
;:''Premium = (1200.00 * 0.0617) = 74.04''
;:''Employer pays 74.04''
;:''Member (EE) pays 74.04''
\\
;:''Example 2:''
;:''Maximum Biweekly Cap 1 = 1580.77''
;:''Maximum Biweekly Cap 2 = 4320.38''
;:''Premium rate up to Cap 1= 0.0617''
;:''Premium Rate up to Cap 2 = 0.0881''
;:''Employee's Biweekly Earnings = 2000.00''
;:''Premium 1 = (1580.77 * 0.0617) = 97.53''
;:''Premium 2 = (419.23 *0.0881) = 36.93''
;:''Total Premium = 97.53 + 36.93 = 134.46''
;:''Employer Pays = 134.46''
;:''Member (EE) Pays = 134.46''
\\
;:''Example 3:''
;:''Maximum Biweekly Cap 1 = 1580.77''
;:''Maximum Biweekly Cap 2 = 4320.38''
;:''Premium rate up to Cap 1= 0.0617''
;:''Premium Rate up to Cap 2 = 0.0881''
;:''Employee's Biweekly Earnings = 5000.00''
;:''Premium 1 = (1580.77 * 0.0617) = 97.53''
;:''Premium 2 = (2739.61 *0.0881) = 241.36''
;:''The amount of 2739.61 was derived from the following: Maximum Biweekly Cap 2 -Maximum Biweekly Cap 1 = 4320.38-1580.77 = 2739.61''
;:''Total Premium = 338.89''
;:''Employer Pays = 338.89''
;:''Member (EE) Pays = 338.89''
\\
;PN-PSPP - LTD Coverage
At line 145 changed one line
* PC 982 (PSPP-LTD-Hours) - this is calculated via a UserCalc PR-PEN-CONTHRS and is based on the amount in PC 1982 being greater than 0
* PC 982 (PSPP-LTD-Hours) - this is calculated via a [UserCalc|USERCALC] PR-PEN-CONTHRS and is based on the amount in PC 1982 being greater than 0
At line 147 changed 2 lines
;PN-PSPP: NO-CONTRIBUTION Coverage
\\
;PN-PSPP - NO-CONTRIBUTION Coverage
At line 153 changed one line
* An element called 'PEN NC EARN' is used to determine the eligible earnings amount
* An [element||PAY ELEMENTS] called 'PEN NC EARN' is used to determine the eligible earnings amount
At line 155 changed one line
* PC 981 is populated via a UserCalc PR-PEN-CONT-HRS and is based on the amount in PC 1981
* PC 981 is populated via a [UserCalc|USERCALC] PR-PEN-CONT-HRS and is based on the amount in PC 1981