Calc Code 35 deduction not calculating correctly
Description of Issue
A certain pay type is not being pulled in for my Calc Code 35 CT TRB deduction calculation, and so the deduction amount is incorrect in payroll.
Context
- Payroll
- Payroll Processing
- Deduction and Benefit Master
- Payroll Start and Status
- Earnings and Deductions
Cause
Pay type was not defined in list of pays on the Deduction and Benefit Master record for that deduction.
Resolution
- Access Deduction and Benefit Master: Payroll > Payroll Setup > Deduction and Benefit Master
- Search for the deduction
- Click Update
- Click Folder next to Calc Code field
- Click Update TAB down to the blank drop down. Select applicable pay type to list of defined pays.
- Click Accept
After updating Deduction and Benefit Master, deduction will need to be recalculated or deleted and re-added in Earnings and Deductions in the payroll to calculate correctly.
Additional Information
CC 35: Pay Annualized/Payments * Percent
This calculation will annualize and sum up the defined pay types, divide by the number of payments, and multiply by a percent. This calculation code is generally used for Connecticut retirement calculations.