Should a separate life insurance deduction be created for a new factor?

Owned by Knowledge Assistant
Apr 21, 2021
1 min read
Description of Issue

We now have some employees who are eligible for two times their salary for Life Insurance. Should I update Employee Deduction records for our current deduction or create a new one for the factor of 2?

Context
  • Munis
  • Deduction and Benefit Master
  • Employee Deductions
Cause


Resolution

This would be up to the site on how they want to maintain the deductions and employee records.

  • The Factor field on the Employee Deduction records can be manually maintained (factor of 1 or 2) on the current deduction.
  • A new deduction code can be created for the factor of 2. 
Additional Information