Fiscal Year rates
SummaryIncorrect per-pay-period rates for fiscal year benefit plans
Our client's benefit plans are based on fiscal year. Fiscal year periods are attached to plans and programs. When it comes to rates, system is calculating per-pay-period amounts based on calendar year and not on fiscal year. Defined Rate Frequency is Annually and Communicated Rate Frequency is - "Per pay period with element frequency rules".
Is there anything else that needs to be considered? Like a rate periodization formula?
Any help is greatly appreciated!