How to Configure Annualized Salary for OTIP
Issue: Employee needs to annualize salary based on different FTE on a per semester basis.
Staffing > Position and Assignments > Employee ID in question
Setup Instructions:
1 - Ensure the Employee Group is configured under Board Control > Benefits > Benefit Carrier Code Config
2 - Create 2 Positions: 1 from YEAR/09/01 to YEAR/01/15 (First Semester, end Dates may vary)
2 from YEAR/01/16 to YEAR+1/08/31 (Second Semester, Start Date = prev End Date = 1)
3 - Ensure both of the Position Records have Annualized = Y
4 - Ensure both are further configured to OTIP accordingly (Benefit Plan, Carrier Code details)
Save and run entitlement if necessary
Solution:
Benefits > Imports and Exports > Generate HRIS File > OTIP
Processes > Completed > Position File
2 Positions Reporting Annual Salary of $24,444.00
2 Positions SUM $48,888.00
Compensation > Salary and Allowance > Same Employee ID
Annual Salary = $48,888.00
Note: If Staffing changes are to occur, and say the second semester FTE is updated, you can simply update this change in the Position Records for Staffing > Position and Assignment.
Once this change is updated, the Annualized FTE will automatically update come the next MPL File, and in turn OTIP will provide updated deductions for Payroll.