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Former Member
Apr 21, 2010 at 06:57 AM

Benefits configuration - Capp annual salary for Insurance plan

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Hello Experts,

We have a requirement where we need to configure an Insurance plan. Employee needs to pay based on their annual salary and 300k is the max limit we need to cap.

Formulae which we need to implement is : Annual Salary/12 * 1/100 * 0.40

If any employee's annual salary is higher then 300k he still needs to pay: $100 (300,000/12 * 1/100 * 0.40)

Can anyone guide how to configure this? I am new to benefits and any advice on this is appreciated 😊

Regards,

Sarvesh Hasija