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Variable Rate isn't applying the compensation factor

in Benefits 10 comments

Summary:

Variable Rate is not applying the compensation factor to use $100,000 if annual salary exceeds $100,000. Please take a look at the configuration and see if you can determine the issue. I have included screen shots from Derived Factor to Enrollment.

Annual Compensation $146,144.96

Person's Age 57 - Rate per $100 of Covered Salary is $1.98

If your annual salary exceeds 100,000, use 100,000 as your annual salary in the calculation.
Calculation: Annual Salary divided 100 = $0.00 x Your Rate = $0.00 (Annual Cost) divided 12 (# of Paychecks per Year) = $0.00 (Cost per Month)

Content (please ensure you mask any confidential information):

Version (include the version you are using, if applicable): 25A

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