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Administrator Guide
Last Updated: 2023-06-23
Example: Create a Deduction for Employee Post-Tax Group Term Life Insurance (USA)

Example: Create a Deduction for Employee Post-Tax Group Term Life Insurance (USA)

As the first step in calculating imputed income from Group Term Life (GTL), create a deduction to calculate the employee post-tax contribution to the plan.
  • Have a pay components group named
    Benefits During Leave
     for non-active workers.
  • Create a GTL insurance plan based on rates defined in benefit rate tables.
  • Security:
    Set Up: Payroll (Calculations - Payroll Specific)
     domain in the Core Payroll functional area.
  1. Access the
    Create Deduction
     task.
  2. Enter these settings:
    Option Description
    Name
    Group Term Life - EE
    Code
    GTLEE
  3. Enter these settings on the
    Effective Dated
     tab:
    Option Description
    Effective Date
    Current Date
    Run Category Eligibility
    Regular
    Worker Eligibility
    Benefits Employee Cost (Post-tax) or Pay Input Exists
    Processing Primary Job
    Calculation
    Benefits: Employee Cost (Post-tax)
    Recalculate during Retro
    Select the check box.
  4. Enter these settings on the
    Non-Effective Dated
     tab:
    Option Description
    Groups
    Benefits During Leave
    Post Tax Deductions
    Benefit Plans
    Select the GTL plan.
Create an earning to calculate the imputed income the employee receives from the employer taxable contribution to GTL.