Pay Period Deduction Amount {optional}#
This component converts the deduction from the benefit remittance frequency to the benefit deduction frequency of the payroll application. The force balance option ensures any rounding difference caused by the deduction amount not being equally divisible by the number of pay periods is allocated to the first benefit processing period.
Does the deduction amount calculated in B1040 need to be converted to a pay period amount?
Yes: Choose the rule to be used
No: Go to B1060
| Rule | Description | Logic | Assoc. | Go to |
|---|---|---|---|---|
| 01 | Convert to Pay Period Amount | Converts the contribution amount to a pay period amount based on the processing frequency specified on the person’s enrollment form. | B1060 | |
| 02* | Convert to Pay Period Amt and Force Balance | Converts the deduction amount to a pay period amount based on the processing frequency specified on the person’s enrollment form. If the deduction amount is not exactly divisible by the frequency, picks up any remainder on the first processing period of the benefit. | B1060 |
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'.
