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Did anyone face Item PAYROLL_PERIOD_TYPE returned no data error in Rate Periodization FastFormula?

We are encountering the following error in the Rate Periodization Fast Formula during Benefits participant enrollment, specifically for a couple of employees who have multiple assignments. Error: Formula ****_RATE_PERIODIZATION_FF, line 30, no data returned. (FF-1605050) Item PAYROLL_PERIOD_TYPE returned no data. This error most commonly occurs when a database item query returns no data, but the database item is configured not to allow no return data. It can also occur within a formula function call.

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