Example: Deduct Loan Outstanding Balance for Terminated Workers (FRA)

Administrator Guide

This example illustrates how to create a deduction for a worker's remaining loan balance in the period they’re terminated.

You've created an existing deduction for loan repayments for workers with loans based on the worker's loan repayment schedule. For terminated workers, instead of deducting the loan repayment amount, you want to automatically deduct the total remaining balance in the period of termination.

Security:

Set Up: Payroll (Calculations - Payroll Specific)
in the Core Payroll functional area.

Set Up: Time Off (Calculations - Generic)
domain in the Time Off and Leave functional area.

Access the

Create Conditional Calculation

task.

Enter these values:

Field	Value
Name	Loan Repayment (Balance Repayment for Terminated Workers)
Category	Payroll

In the

Conditional Calculations

grid, enter these values:

Calculation	Result
Worker is Terminated as of Sub Period End Date	FRA Loan Outstanding Balance

From the

Default Response

prompt, select Loan Repayment
.

Access the

Edit Deduction

task for the deduction you use for loan repayments.

In the

Calculation

prompt, replace your existing calculation with Loan Repayment (Balance Repayment for Terminated Workers)
.