Daily Payments

The system calculates statutory maternity, adoption and paternity pay as a weekly benefit. This remains unchanged. PeopleSoft, however, has been made changes to allow the calculation of a daily rate, which is considered one seventh of the weekly rate.

Although the calculation must always take into account full weeks only, the payment may be split to accommodate the normal payment frequency. For example, for a monthly pay frequency, 3 days may be paid in the first month, with the remaining 4 days are paid in the second month.

PeopleSoft has reviewed the statutory payment calculation to allow daily payment of the weekly rate, which is one seventh of the weekly rate being paid daily. If you wish to take advantage of this new amendment, PeopleSoft has added a new check box called Daily Payment on the Additional Information page within the Absence Event GBR component. When you select this check box, the system makes payments on a daily basis.

Note:

The Daily Payment check box is displayed for absences with an expected date of birth or expected placement date that is on of after April 1, 2007. Daily payments are not mandatory. If you leave the Daily Payment check box deselected, the system continues to process payments on a weekly basis.