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Handling Benefits Rate Start Date for yearend new hires

edited Aug 22, 2017 12:02AM in Human Capital Management 8 comments

Summary

Benefits rates for new hires at yearend should be effective the following year despite being hired in the current year

Content

Due to a waiting period, a new hire's benefits may not be effective in the same year that he/she is hired. The New Hire life event is triggered on the hire date (i.e. 11/15/16) which results in the system using the current year's rates. However, the actual Coverage Start Date may not be effective until the following year (i.e. 1/1/17). We've had to create another life event, Administrative, in order to ensure that the following year's rates are used.  Please share if there's a recommended configuration to have the rates on the New Hire life event use the Coverage Start Date. Otherwise, is there

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