Update Employee Annual Salary for life insurance deductions

Description of Issue

How do I update the salaries for optional life and life insurance deductions?

Context
  • Enterprise ERP
  • Payroll
  • Deduction and Benefit Master
  • Employee Deduction
  • Life Insurance
  • Insurance Update
Cause

Need to update Employee Annual Salary field in Employee Deductions and Employee Benefits

Resolution
  1. Access Payroll > Payroll Setup > Deduction and Benefit Master
  2. Search for the deduction code. Click on Insurance Update in the toolbar. 
  3. Click on Define. Enter the criteria. Click Accept. Click Execute.
  4. Review the proof report.
  5.  Prompt will display asking, Do you want to post these changes? Click the Yes or No option.
    1. Clicking Yes will post the changes, clicking No will not post the changes.
Additional Information
  • Review the document Basic Health and Life Insurance. The Insurance Update is reviewed in detail starting on Page 24.
  • The Employee Ins Amt and Employer Ins Amount fields will update with the salaries based on the Employee and Employer Factor fields.
  • This applies to deduction with calc code 15, calc code 16, calc code 19, calc code 20 and calc code 24