PeopleSoft delivers a way to define an amount to be used in the calculation of life and disability insurance. This amount is referred to as Annual Benefits Base Rate or ABBR. Separate ABBR’s must be entered for State Group Life (SGL) and Income Continuation Insurance (ICI) since these amounts can be different. An automated process will enter the appropriate ABBR amounts for those newly hired. However, there are times when Benefit Administrators at the Institutions will need to manually review, add, or update ABBR amounts.
- Enter a different As of Date and click the Refresh Search button to review ABBR's for a different time period.
- If the ABBR amount is incorrect, click the Correct History button and correct the ABBR amount and click the Save button. Open a ticket to the UWSC and request a payline adjustment if needed for under or over-payment of premiums.
- If the ABBR needs to be updated (e.g. permanent change in FTE), click the plus sign to add a new row, enter the effective date for the change, and enter the new ABBR amount before clicking the Save button.