Pay Type Schedule is incorrect after updating employee default pay schedule

Pay Type Schedule is incorrect after updating employee default pay schedule
In order to change the schedule on the employee's record:

Change the default schedule to semi-monthly, expire the existing pay type, and add a new one

OR

Open the existing pay type, select the Schedule tab, and select Pay only in periods with specific dates and choose semi-monthly.

Environment

 Duplicated in version 7.60.250.0006

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