Pay Period Premium Amount {optional}#
This component converts the premium from the benefit remittance frequency to the benefit deduction frequency of the payroll application.
Does the premium amount need to be converted to a pay period amount?
Yes: Choose the rule to be used
No: Go to B0700
| Rule | Description | Logic | Assoc. | Go to |
|---|---|---|---|---|
| 01 | Convert to Pay Period Amount | Converts the premium amount to a pay period amount based on the processing frequency specified on the person’s enrollment form. | B0700 | |
| 02* | Convert to Pay Period Amt and Force Balance | Converts the premium amount to a pay period amount based on the processing frequency specified on the person’s enrollment form. If the premium amount is not exactly divisible by the frequency, it applies any remainder to the first processing period of the benefit. | B0700 |
Enter a Pay Component in the <PC Code> field if the result is to be viewed for Payroll processing or reporting.
The BC Action must be ‘Store on Line & Enroll'.
