Audit Reports The following reports are produced as a result of the annual premium update: Report Description U024 Optional Group Lists the employee number, name, total – employee’s Life Premium Listing premium, member birth date, coverage code, coverage amount, spouse birth date, coverage code, coverage amount, and premium U025 Optional Group Lists any record supplied by Minnesota Life that does not – Life Error Report have a corresponding record in CIPPS or that has a terminated record. Beside the name and employee number will either be a employee message ‘No matching master file record or found’ ‘Employee terminated’. These items should be researched accordingly. Salary Base All VRS percentage deductions (retirement and other post-employment benefits or are calculated on the same base value or “OPEBs”) While the Contribution Base typically corresponds to “Contribution Base.” the pay period salary displayed on H0BID, in some circumstances it does not (e.g., employee contract less than 12 months). Special Pay 099, CONTBASE, is systematically calculated using the values stored on H0BUO for Contract Length and Number of Pays. Deduction Processing Establishing Deduction 120, GRP INSR, is automatically established on H0ZDC when the Group Life appropriate retirement code is entered on HMCU1. No other entry is Deductions required. See CAPP Cardinal Topic 50410, for Retirement VRS and ORP, – – additional information on retirement codes. Continued on next page , Continued Establishing For new enrollments, deduction 035, OPT LIFE, must be established on Optional Group H0ZDC. Complete the command line and sub-command line as referenced in Life Deductions CAPP Cardinal Topic No. 50110, CIPPS Navigation. –
Audit Reports The following reports are produced as a result of the annual premium update: Report Description U024 – Optional Group Life Premium Listing Lists the employee’s employee number, name, total premium, member birth date, coverage code, coverage amount, spouse birth date, coverage code, coverage amount, and premium U025 – Optional Group Life Error Report Lists any record supplied by Minnesota Life that does not have a corresponding record in CIPPS or that has a terminated record. Beside the name and employee number will either be a message ‘No matching employee master file record found’ or ‘Employee terminated’. These items should be researched accordingly. Salary Base All VRS percentage deductions (retirement and other post-employment benefits or “OPEBs”) are calculated on the same base value or “Contribution Base.” While the Contribution Base typically corresponds to the pay period salary displayed on H0BID, in some circumstances it does not (e.g., employee contract less than 12 months). Special Pay 099, CONTBASE, is systematically calculated using the values stored on H0BUO for Contract Length and Number of Pays. Deduction Processing Establishing Group Life Deductions Deduction 120, GRP INSR, is automatically established on H0ZDC when the appropriate retirement code is entered on HMCU1. No other entry is required. See CAPP – Cardinal Topic 50410, Retirement – VRS and ORP, for additional information on retirement codes. Continued on next page , Continued Establishing Optional Group Life Deductions For new enrollments, deduction 035, OPT LIFE, must be established on H0ZDC. Complete the command line and sub-command line as referenced in CAPP – Cardinal Topic No. 50110, CIPPS Navigation.
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