How to terminate a benefit plan depends on whether only one employee is affected or if the entire benefit plan is ending.
Depending on your company’s policies, Payroll may need to access any accrual benefit records to determine final pay according to the organization’s policies. Termination processing doesn’t automatically create payment for the outstanding accrual balances.
Personnel can access the Benefits Details screen to see any outstanding balances of accrual benefits such as vacation or other PTO plans. The Available Hours field represents the balance of accrual hours.
A benefit that is indicated as COBRA Eligible will be available for selection on the Employee COBRA Detail.
On each Employee COBRA Detail, complete all required records for an employee who has been terminated. To facilitate this during employee termination, the COBRA Detail screen is available as the last option on the post-termination events panel.