You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Benefit Amount Recalculation

Received Response
edited Jan 15, 2021 1:24PM in Benefits 2 comments


Benefit amounts for life/disability plans are calculated using a rolling 12 months of bonus, commissions and other incentives aggregated with annual salary. We have to process the life event on every pay check to get the latest amounts (above mentioned) to recalculate the benefit amount. Also, it is very well possible that the employee might have a some other life event whose enrollment period is closing after the check date. This will delay the processing of compensation changed life event and cause Retro entries in payroll and benefit vendor will have old coverage until this life event is processed.

Howdy, Stranger!

Log In

To view full details, sign in.


Don't have an account? Click here to get started!