How to setup a Supplemental LTD deduction to calculate gross salary up to a maximum amount?
Hi ~
Two PDBA codes are setup to assist with calculating supplemental LTD. This is a once a month deduction. We were recently notified that the Supplemental LTD plan maximum insured pre-disability earnings is $8,333 per month. How can the maximum be configured?
This is a description of how the calculation is suppose to occur:
EmpName gross salary is $166,504.
Maximum gross salary cap is 99,996
Step 1) $99,996 / 12 = 8,333
Step 2) 8,333-667 = 7,666 (the 667 deduction is calculated in different DBA and is used in yet another DBA 3213 as a negative amount as a work around to account for the needed calculation)
Step 3) 7,666 * .00560 =
RESULT of employee portion 3212 – Disability = 42.93
Best Regards,