!!!Benefit Reduction Percentage {optional} This component applies a percentage reduction to the coverage amount based on the application of a reduction rule. Is the coverage to be reduced based on a reduction rule? ''Yes: Choose the rule to be used'' ''No: Go to [B0470|BC-B0470]'' ||Rule||Description||Logic||Assoc.||Go to |01|Based on Reduction Percentage|Multiplies the coverage value by the reduction percentage found on the Reduction Rule form when the employee is on waiver.|\\|[B0470|BC-B0470] |02*|Based on Employee’s Age|Multiplies the coverage value by the reduction percentage found on the Reduction Rule form when the employee has a benefit reduction due to age.|\\|[B0470|BC-B0470] |03|Based on Spouse's Age|Multiplies the coverage value by the reduction percentage found on the Reduction Rule form when the spouse has a benefit reduction due to age.|\\|[B0470|BC-B0470] |04|Based on Employee Age as of DD-MON of the Current Year|Multiplies the coverage value by the reduction percentage found on the Reduction Rule form when the employee has a benefit reduction due to age as of a certain date on the current year.\\ \\Enter DD-MON in the 'Value' field of the Benefit Components Tab in IBPN (i.e. '01-JUL'). |\\|[B0470|BC-B0470] ---- ![Notes|Edit:Internal.BC-B0460] [{InsertPage page='Internal.BC-B0460' default='Click to create a new notes page'}]