BC-B 0830

Round Contribution Amount {optional}#

This component enables the calculated contribution amount to be rounded up or down to the <BC Value> specified (e.g. 0.01). Used to indicate that it is the employer who picks up the odd one cent when a premium is not divisible exactly in half.


If the premium is not evenly divisible by the processing frequency should the employer pick up the extra cent?

Yes: Continue with rule 1

No: Go to next question


Round the contribution amount up?

Yes: Choose the rule to be used

No: Go to B0840

RuleDescriptionLogicAssoc.Go to
01Company picks up extra
cent
Specify the rounding factor on the component
(e.g. 0.01) in the <BC Value> field.
Adds the extra cent to the contribution amount
when the premium is split between the company
and the employee and the result is not
exact cents.
i.e. If the premium were $132.69/mo and the
split was 50/50 between the employee and the
company the amounts would be $66.345.
Rounding the company portion would mean
that the employee pays $66.34 and the company’s
portion is $66.35.

B0840
02Rounded to the Nearest
Cent
Specify the rounding factor on the component
(e.g. 0.01) in the <BC Value> field
Rounds the deduction amount to the newest
cent when the dollar amount calculated is more
than two decimal places.

B0840
03*Rounded Down to the
Next Cent
Specify the rounding factor on the component
(e.g. 0.01) in the <BC Value> field
Rounds the deduction amount down to the next
cent when the dollar amount calculated is more
than two decimal places

B0840


Notes #

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