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HSA proration
Summary:
We have a scenario where in we want to prorate the HSA based on date of hire For Eg:
If the employee is hired in May and elects to have the minimum amount of credits allocated to their HSA ($100) then their monthly deduction would be calculated as follows:
$100 / remaining benefited cheques left in the year.
$100 / 7 months (June – Dec) = $14.28/month
Does anyone knows how we can achieve this via configuration. Currently our rate configuration is user entered amount.
Thanks,
Carine.
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