DEFINE PENSION PLANS#
Once the components, tables and categories have been defined, Pension Plans, the actual plans employees may enroll in, may be created. There can be different plans within a company, separate plans for different unions, for example.
The actual pension plans are defined on the Define Pension Plans (IXPN) form. Plans must be first defined on IXPN before they are available to members.
Define Pension Plans data is stored in the P2K_RX_PENSION_PLANS table.
- Pension Plan
- This field displays the name of the pension plan.
- Description
- The Description field provides a short description of the pension plan.
- Establish as of
- This field shows the date when the pension plan is open to new members.
- Frozen as of
- If the plan is frozen this field shows the date it was frozen from. If a plan is active, the ‘Date Frozen’ field will be blank.
- Entity
- This field shows the entity associated with the pension plan.
- Interest Calendar
- This field shows the calendar that will establish the interest dates defined by the entity.
- Payment Calendar
- This field shows the calendar that will establish the payment dates defined by the entity.
- Service Calendar
- This field shows the calendar that will establish the service dates defined by the entity.
- Pension Plan Text
- This field explains how the current pension plan operates and its usage.
