Since in Saving plan ER contribution is in amount not in percentage.
The problem is that when changes occur mid-year, the deduction changes should be pro-rated over the remaining pay periods in the year, and should take into account the ytd deductions to ensure that the new deduction amount does not cause them exceed or not meet the new limit.
For instance, we had someone to increase from $2,200 to $3,000 in July. The system calculated the new payment amount as $125, however, when taking into account the then current ytd amount of $1441.71 subtracted from the new amount, his deduction should have been $173.14 to ensure he'd contribute $3,000 by year end.
I checked FSA and HSA both wage type processing class etc are same. Do i need to do some changes what cong. i need to check.
Please assist what changes i need to do.
Thanks in advance.
Edited by: ankur garg on Oct 13, 2011 1:19 PM
Edited by: ankur garg on Oct 13, 2011 3:55 PM