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DEFINE PENSION OPTIONS#

Pension Options are the choices available to members in each pension plan.

Options must be defined fully within the Define Pension Options (IXPO) screen before an employee may select them.

• The options will provide the parameters of the plan such as retirement age, years of service, monthly benefits, etc.
• As the options are created, they will be associated with a specific plan. Options cannot be associated with more than one plan; a new option will need to be created.
• The IXPO screen is date sensitive.

Define Pension Components data is stored in the P2K_RX_PN_OPTIONS table.

Seq #

This field will determine the order in which the pension options will be processed. You are encouraged to sequence the options in units of ten (e.g. 10, 20, 30), in order to allow space

between options if new ones must be added. PN_Sequence is a mandatory 10-character numeric field you must enter.

Pension Option

This field displays the name of the pension option being defined.

Description

This field provides a short description of the pension plan.

Description is an optional 50-character alphanumeric field you may fill manually.

Pension Option Text

This field explains how the currently highlighted pension option operates and its usage.

Pension_Option_Text is an optional 2000-character alphanumeric field you may fill manually.

Option Details#

Option Components#

Seq#

This field will determine the order in which the pension components will be processed. High Line recommends that you assign the same sequence number as the PN component number.

PN Code

This field displays a High Line defined code that uniquely identifies any pension

component associated with this option.

Rule

This field displays any pension rules associated with the highlighted pension component.

Component\Rule Description

The field provides a short description of the pension component and rule.

Description

This field provides a short description of the pension component.

PN Action

Unless PN Action is set to Display Results, results will not be displayed in the Maintain

Pension Evaluations (IXPE) form.

Field Value

This field contains the PN Codes or numeric needed to perform pension benefit

calculations.

Payment Category

This field displays the payment categories associated with this pension component.

PN Table

The Pension Table field holds the reference applicable to table data.

i.e. Vesting Factors. (provide a table)

User Calc

This field displays any UserCalc associated with this pension option.