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Settlement Type Codes Table
Prefix |
Trans |
Suff |
Type |
Definition |
00 |
03 |
0 |
Interest |
Calculates and establishes or adjusts interest for settlement backpayment and adjustment cases. |
|
03 |
2 |
Settle/Compensatory Damages - nontaxable Settle/Compensatory Damages - nontaxable Interest |
Calculates and establishes or adjusts interest for settlement backpayment and adjustment cases. |
00 |
03 |
3 |
Nontaxable - Miscellaneous Nontaxable - Miscellaneous w/Interest |
n/a |
00 |
04 |
0 |
Sunday Differential Sunday Differential w/Interest |
Establishes or adjusts non overtime hours worked between midnight Saturday and midnight Sunday. The differential is payable in addition to any night or shift differential entitlements. Employees who perform work during a regularly scheduled 8-hour period of duty which is not overtime, any part of which is performed on Sunday, are entitled to premium pay for Sunday work for the entire period of service. |
00 |
34 |
0 |
FLSA w/Interest |
Establishes or adjusts hours of work performed by all employees covered (nonexempt) or not covered (exempt) by the overtime provisions of the FLSA in accordance with Part 551 of Title 5, CFR. |
05 |
44 |
0 |
Settle/Compensatory Damages - Taxable Settle/Compensatory Damages Interest |
Calculates and establishes or adjusts payments and adjustments for cash awards and settlements. |
00 |
44 |
06 |
Gift Certificate (Used by FDIC only) |
Calculates and processes payments and adjustments for time in service, depending on the number of years employed. |
See Also |