Payroll for NA / Time and Labor - PSFT (MOSC)

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Age Reduction for Life Insurance

edited Mar 30, 2022 1:35PM in Payroll for NA / Time and Labor - PSFT (MOSC) 2 commentsAnswered

Looking for assistance on configuration setup of Life insurance for the age reduction. How would you make the age reduction apply on the first of the following year the employee meets the age reduction age of 70.

Example: I turn 70 on 2/1/2021, the percentage of reduction of 35% should not happen until 1/1/2022.

Are you able to configure the Coverage Formula Page to meet this requirement?

On 9.2

Thank you

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