PAY_OF_MONTH is used to indicate which pay number this pay is within the calendar month (e.g. 1st, 2nd or 3rd). This number is normally based on the issue date.
- Weekly Frequency - For a weekly pay frequency, there will be pays number 1,2,3,4, and sometimes 5.
- Biweekly Frequency - For a bi-weekly pay frequency, there will be pays number 1, 2 and sometimes 3.
- Semimonthly Frequency - For a semi-monthly pay frequency, there will be pays numbered 1 and 2.
- Monthly Frequency - For a monthly pay frequency, there will be a single pay numbered 1.
