Can an employee be put on Draft the same month he/she becomes a retiree? »

 5) Can an employee be put on Draft the same month he/she becomes a retiree?

Bank drafts can only be created through the automated billing process (BILL0008). You cannot request a bank draft through the Bill Request Screen (641). As explained above, if an automated bill is to be generated in the same month that the employee retires, the last paycalc has to fall before automated bills are run. In addition, the individual’s bank draft information must be entered on Billing Information Screen (118) in the employee maintenance file prior to the time that BILL0008 is run. During months where BILL0008 is run before the last paycalc, the new retiree will have to receive a printed bill for his/her first month of retiree insurance premiums. During months when BILL0008 is run after the retiree’s last paycalc, the retiree’s first month of premiums can be drafted if the draft information is set-up on Screen 118 prior to BILL0008.

This page was last updated on 06/11/2010 17:09:33