Voluntary Term Life Rate Changes Effective xxxxxxxx AU448107

Purpose:  This report lists all employees that have a current Voluntary Term Life Insurance deduction (410, 411, 412, 413, 414, 415, 416 or 417).

  • Premiums are calculated based on the employee's age and annual salary as of July 1 of the current fiscal year. 
    • Note: employees with a birth date of July 1 are not considered a year older until the following day.
  • When the new and old premiums are the same, a '*' will show on the report next to the new premium amount indicating no update was generated.
  • When a spouse's coverage has been updated, a '**' will show on the report. ​
 
All Universities (512, 513 and 514) are excluded and not reported.  In addition, all employees with a life insurance plan code of 'LB' or 'LM' (Legislature) and 'LP' (agency 511), employees with Appt Code Combo 'CAR', and employees filling positions held by deployed military personnel with class codes that begin with '8' or '95002' are also excluded from automatic calculation, but will be reported. 
 
FREQUENCY:
Fiscal Year End
CREATED IN:
AU448107
USERS:
Agency
DSP
ONLINE:
Y
Archive - No
SYSID
AUIS44F
RETENTION
1
 
Note:  The 418 deduction is not shown on this report.
 
Example: