LIFE INSURANCE CALCULATION (GSlife)
Life insurance adjustment record creation/modification
From HR Main Menu:
Select option [b] - Processing
From Reports Menu:
Select option [n] – GSU processing
From GSU processing Menu:
Select option [b] – Life Insurance Calculation
This menuopt calculates employee paid life insurance - LIF1 through LIF6 for the chosen fiscal year/id. Make
sure that the life rate and dependent life rate tables are set up appropriately. These tables will have begin and
end dates for each entry corresponding to the fiscal year. The program compares the begin and end dates from
these table to the date the program is run. If the run date is outside the date range for the chosen fiscal year,
program will abort with a message that no records were processed. If the run date falls within the date range for
the chosen fiscal year, program then reads the insurance code (A- O), age, basic life number from employee's
hremp record, salary information from the empcomp record and code breakdown (e.g. A = optional life only)
from the life table. Contribution is recalculated and empadj record is created only if any of the parameters
mentioned above are changed or there is no “LIFE” empadj record for the employee. It will end an existing
entry in the empadj record if the employee contribution amounts change due to changes in age, salary, rates etc.
The begin and end dates are specific to hrpay (SMA or SMD).
Make sure that the age program has run on 1st and the 16 of the month before this menu option is run. If
an employee is added after the above mentioned dates, run option to calculate and copy age to the hremp
record for that employee before running this option. This menu option can be run for one id or all ids by
selecting id 0.
ESCAPE finish. CTRL-C cancel. CTRL-W help
Life Insurance Calculation
ID# [1111 ]
Fiscal Year [02]
SMA Adjustment Begin Date [ ]
SMD Adjustment Begin Date [ ]
___________________________________________________________________________
ID Number: Enter 0 to calculate life insurance for all employees or enter a specific id
Number or press for name lookup.
Fiscal year: Enter fiscal year in the format yy e.g. “02”
SMA Adjustment Begin Date: Enter the adjustment begin date for SMA Employees. (i.e. 11/16/2002 )
SMD Adjustment Begin Date: Enter the adjustment begin date for SMD Employees. (i.e. 12/01/2002)
The output parameter screen is displayed. Type “more” in the mode field and press.
When printing/displaying is completed, to continue will appear.
Press and you are back at the GSU Processing Menu.
**NOTE: This option should be run before every payroll.
life.doc
Updated 11/18/2002