PERS - VARIANCE

This common code is used to set the variance allowed in PERS rates to consider them the same. For example, an hourly rate might be set to allow a 0.01 cent variance or a 0.25 cent variance in a monthly rate. Rates with a variance less than or equal to what is specified will be considered the same.
Code Category: PERS
Code Value: VARIANCE
Short Description: Not used.
Medium Description: Not used.
Long Description: Not used.
Associated Numeric Values
1: Specify the desired hourly rate difference to three decimal places.
2: Specify the desired daily rate difference to three decimal places.
3-4: Reserved for future use.
5: Specify the desired monthly rate difference to three decimal places.
Associated Codes
1-5: Reserved for future use.
Associated Descriptions
1-5: Reserved for future use.