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.
