Step 1: Add a new Pay Type for Excess Life (Manage Pay Types Screen)

The first step to set up excess group life insurance deductions is to add a new Pay Type for Excess Life through the Manage Pay Types screen.

To establish the Manage Pay Types screen:

  1. Pay Type Code: Set up a three-character code (Example — EXL).
  2. Description: Add a description (Example — Excess Life).
  3. Factor: Set to 1.
  4. Additional Calculations Based on an Amount: Select the Add Pay Type Amount to Timesheet Line option. Amount must remain 0.00.
  5. Options and Employee Eligibility: Select the following check boxes: Cost Only, Exempt, Non-Exempt, and Salaried.
  6. Overtime Premium Recasting: Leave this group box blank.
  7. Weighted Average Rate: Select the Don't Include option.
  8. Save the screen.