BC-B 1060

Group Term Life Deduction Total (U.S. only) {optional}#

This component is required in the US only when employees pay an amount towards the coverage of a group term life coverage and taxable benefit is being calculated.


Is this a U.S. Group Life Insurance plan?

Yes: Choose the rule to be used

No: Go to B1100

RuleDescriptionLogicAssoc.Go to
01*Accumulate Deduction
Total
Includes this amount of deduction into the value
being accumulated for US group term life.

B1100

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'.


Notes #

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