|
|
PR17.1 - Workers Compensation Policy
**Form Purpose
Use Workers Compensation Policy (PR17.1) to record information about the
company's workers' compensation policy or policies, such as policy number,
effective date, carrier, and contact person.
Important The application derives annual period limits by using the BEGINNING
date on the policy as defined in the State Annual Limit or the Limit field on
US Workers Compensation Classification (PR18.1) on the. Annual period limits
are not determined by using the ending policy date.
That means you need to:
- Define the policy for no longer than a year, and create new policy records
each year.
- or -
- Change the policy dates each year
If you do not, the limits will no longer be enforced.
For example, a policy is defined with a date range of 01/01/01 through
12/31/02, and the limit is $6,000 in annual earnings. If an employee reaches
the earnings limit for 2002 but not for 2001, the workers compensation
deduction will continue to be taken because the annual limit is based on the
closed time records for 2001 (from PRTIME).
**Processing Effect
To calculate monthly limits, the application looks for any closed time
records within the same calendar month as the payment date for the current
payment to determine if the monthly limit has been met.
Updated Files
CKPOINT -
WCPOLICY - The primary file maintained by this program.
Referenced Files
PRSYSTEM - Used to validate company and process level.
WCCLASSHDR - You cannot delete a workers' compensation policy if records
exist in this file.
|
