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Earnings for Benefit Plans

Earnings codes are used for some benefit plans, such as plans for imputed income, paid time-off, and qualified third-party sick plans.

Benefit Code can have a selected earnings code in the "Cost and Hours Posting Info" section of the Benefit Code.

Considerations on Earnings Codes for Benefits

• Imputed Income.  Use only one Earning Code for imputed income; one that is defined on all eligible Benefit Code records. Be sure the Earning Code for imputed income is marked as Non-Cash and that Wages Worked is un-marked.
• Benefit-Hour Earnings.  A paid time-off (PTO) plan that includes automated attendance tracking requires the charged PTO Earnings Code to be linked to an Attendance Code, and it requires the establishment of both Benefit Codes and Accruals. To print benefit hours information on employee checks, the Verify Avail Hrsindicator and the Print on Check indicator must be selected on the Earnings Code.
• Third Party Sick Earnings.  An earning for qualified third-party sick pay plans must have THIRDPSICKselected in the W-2 Box field on the associated Earning code.