Insurance Tracking Calculation Method

Contents

District Wide Settings

Payroll Check Options

Board Certification on Check Summary (Payroll)

Board Certification on Check Summary (AP)

Employment Management Setup

Retirement Organization ID

Insurance Tracking Calculation

Accounts Payable Setup

Accounts Receivable Setup

Purchase Orders Setup

 

 

In Washington, some bargaining units are required to distribute benefits as fully as possible to participants of the benefit pool. Unused employer benefits after the first pass of the calculation of deductions and benefits are redistributed to employees who exhausted their benefits and have deductions. The unused benefits are redistributed equally again and again until the employer benefits are maximized across employees.

 

Use the following setup procedure for benefits pooling. You must have System Administrator access to perform this setup.

 

Setup benefit pooling

  1. Click SYSTEM ADMIN.

  2. Click FINANCIAL MNGMNT.

  3. Click FM CONFIG, which opens the Financial/Human Resources Configuration screen.

  4. Click INSURANCE TRACKING under Human Resources.

  5. Use Insurance Tracking: Select Detail Pool.

  6. Generate AP Invoices From: Select Bills, Estimates, or the default setting of None.

  7. Calculation Method: Select Monthly.

  8. Rebate Pay Code Required: Select No.

  9. Click OK to save your selections or CANCEL to exit.

  10. Click CLOSE to exit the System: Financial/Human Resources Configuration screen.

Allocate a Pool Remainder in Insurance Tracking

Page Updated 5/05