How to set up life insurance so age is calculated as of today



Description of Issue

How can I set up life insurance so the employee's age is calculated as of today's date and not a fixed date?

Context
  • Munis
  • Deduction and Benefit Master
Cause

Resolution
  1. In Deduction and Benefit Master: Payroll > Payroll Setup > Deduction and Benefit Master
  2. Search on the health insurance deduction
  3. Click Update, click on the Insurance tab
  4. The following fields should be left blank: 
    1. Age Effective Month
    2. Age Effective Date
    3. Age Effective Yr Typ
  5. Click Accept
  6. In Payroll Control Settings: Payroll Setup > Payroll Control Settings
  7. Scroll into the category for Insurance and locate the record labeled USE CHECK DATE FOR AGE-BASED LIFE INSURANCE
    1. When value is set to N Munis will calculate the employee's age of the start date of the payroll
    2. When the value is set to Y, Munis will calculate the employee's age as of the check date of the payroll
Additional Information