9) What do I do with a 9-month employee who is retiring at the end of May and is on the Extended Pay Plan (EPP)?
The insurance deduct codes will be a ‘1’ and 4 months of summer premiums were to be deducted in May. To prevent 4 months of insurance deductions from being taken out, the EPP deduct code must first be changed to an ‘N’. The insurance deduct codes should then be changed from a ‘1’ to a ‘2’. This should be done before the May monthly payroll calculation.
Immediately after monthly payroll calculation, the insurance deduct codes should be changed to an ‘R’, before BILL0008 is run. BILL0008 will usually run the next day following payroll calculation. This will allow the person to be billed for the month of June. NOTE: This is for monthly paid employees only.
This page was last updated on 06/11/2010 17:10:49