Payment schedules

The payment schedule is user-defined and used to describe the days that resources are paid. For example, if a resource is paid with a bimonthly pay frequency, you could define the payment schedule as "15th and last day of month."

Benefits uses payment schedules when mid-year life events occur that change a spending account or health savings account (HSA) and the process that does updates for frequency table changes.

Benefits uses the pay periods and work periods on the payment schedule to determine entry dates, change dates, and termination dates for benefits.