3rd Party Sick Pay | Group Term Life | LTD |
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What is 3rd sick pay
Money paid to an employee during the first six months out of work by outside provider
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What is p,gtlprm
Screen used to determine GTL Premium Per Payroll – Amount that will be posted and taxed each payroll for the employee
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What is considered non-taxable
If the employee contributes to the cost of the policy (or pays for it in its entirety) with after-tax deductions, the portion of benefits paid attributable to his/her contributions.
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What is an outside provider
An Insurance provider, union plan, a state temporary disability agency, state temporary disability agency
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What is group term life
Life insurance that is offered to employees at relatively low rates because it is purchased for large groups of employees.
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What is P,HECL
Screen used to set up for LTD
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What is P,TXOTH
Screen used to access verify a company has 3rd party sick pay
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What is 6 months
The amount of time a salaried employee is paid sick leave and is covered under third-party sick pay insurance
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What is P,GRID
Screen used to set up long term disability earnings code
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What is P,RESV
Screen used to correct reservation lock
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What is ACC
Screen used to set up LTD accumulator?
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