The Your payments tab on your Cocoon Dashboard allows you to dig into granular details on your leave pay. You can view your estimated pay from each source across all pay periods during your leave.
Your pay tracker
The graph below shows a timeline of past and future payments received from your employer. When you click on one of the bar lines, you are able to see additional detail on how much you have or are expected to receive from your employer on a gross pay level.
Cocoon calculates your paycheck based on the number of workdays in the pay period. As you go out on leave, you will receive your Regular pay as normal, then your pay will transition to Leave pay based on how you schedule your leave timeline. The dotted line in the above graph shows how much is deducted from your standard paycheck to account for what you are projected to receive from external sources. This ensures your employer does not overpay you during your leave. As you return to work, the final pay period on your pay tracker will show when your pay transitions back from Leave pay to Regular pay.
Note that we break out your pay between Regular pay and Leave pay to ensure that our estimations only affect your Leave pay income.
Past and Upcoming pay
Below the pay tracker, you are able to view details of what Cocoon has submitted for your employer to process your paycheck. View past pay information in the Past tab. Click the Details button next to any pay period to see more data on the calculations for that period, including the number of days in each period, your daily pay rate, and total pay.
Toggle over to Upcoming to view pay projections for upcoming pay periods. Please note that these are estimates based on your current leave plan and are subject to change. See here to learn more about how Cocoon estimates your leave pay.
What are benefit deductions?
Benefit deductions are the total amount of pay you are estimated to receive from state and/or private insurance benefits based on your typical paycheck from your employer. In other words, your employer will deduct this amount from your standard paycheck to account for your receiving it from other sources.
Your Total pay (the last column on your pay tracker as shown above) is equal to:
(Leave pay + Regular pay) - Benefits deductions
Note that your Regular pay will be $0.00 for any pay periods during which you were on leave the entire time.
What are adjustments?
Adjustments are reallocation of Leave pay or Regular pay based on changes made to your leave timeline. We display adjustments by listing them in the pay period they were applied with a note of which pay period the change corresponds with.
You may also receive an adjustment if your employer has changed your level of compensation during your leave, if changes were applied to your leave policy, or if your leave was submitted late.
What if I see an issue with how Cocoon is estimating my pay?
Cocoon estimates pay within our system based on established rules and calculations sourced directly from each state program and your employer's private insurance policy. However, there may be instances where the pay Cocoon has estimated for the state or insurance policy does not match what you actually received. We work to minimize the issue from occurring, but ultimately the state and private insurance programs make final determination regarding your benefit payments.
To account for this, we have a benefit verification tool where you can submit a request to Cocoon to review and update our estimates. See here to learn about how to verify your benefit payments and what is needed for Cocoon to update our pay calculations.