PENSION COMPONENTS#

Benefit Component Codes#

The benefit components identified below have been grouped based on their purpose under the following subheadings:

B0005 to B0299Components for Preprocess/Qualification
B0300 to B0399Components for Eligible Earnings/Amounts
B0400 to B0499Components for Coverage
B0500 to B0599Components for Coverage Step
B0600 to B0699Components for Premium
B0700 to B0729Components for Premium Tax (Canadian Installations Only)
B0730 to B0799Components for Self-Insured Admin Fees, Deposit Liabilities and Contract Amounts
B0800 to B0899Components for Employer Contributions
B0900 to B0929Components for Employer Sales Tax (Canadian Installations Only)
B0930 to B0999Components for Flexible Benefit Fund Amount
B1000 to B1099Components for Employee Deduction
B1100 to B1129Components for Employee Sales Tax (Canadian Installations Only)
B1130 to B1199Components for Self-Insured Deposit and Retro Amounts
B1200 to B1299Components for Taxable Benefit
B1300 to B1399Components for Bond Plan Amounts
B1400 to B1599Components for Remittance Adjustment Components

Although the sheer number of options may seem daunting, not all components are required for every plan. They are provided to allow complete versatility when defining policies.