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Year End Wage Rate#

This component derives what rate is used for the prior year time remaining.

Rule	Description	Logic	Assoc.	Go to
00	Use UserCalc Only	Derives the wage rate for prior year Time from the <UserCalc> specified. The UserCalc must be of the type ‘Function’, with a return value of the type ‘Numeric’. Use the RET operator to return the numeric value. This value is interpreted by the component as a user supplied Wage Rate at Year End.		A940
01	From Element	Derives the wage rate for prior year time from the <Element> specified.		A940
02	From Pay Component	Derives the wage rate from the value of the specified <PC Code>.		A940
03*	Use Assignment Wage Rate	Uses the rate from the employee’s primary assignment record.		A940
04	Use Accrual Wage Rate	Uses the rate from the employee’s current leave accrual record (A010), or the <Value> specified in the component. If the rate required is to be what has been calculated in A010 (Regular Wage Rate), use Rule 04.	A010	A940
05	Use Payout Accrual Wage Rate	Uses the rate determined in A710 (Payout Wage Rate), or the <Value> specified in the component. If the rate required is to be what the employee would receive if they took time now, use Rule 05.	A710	A930

When the prior year time is calculated, users may wish to hold this time at a different rate than the one found currently on the accrual file.

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