This page (revision-14) was last changed on 26-Nov-2021 10:22 by jmyers

This page was created on 26-Nov-2021 10:22 by JEscott

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Page References

Incoming links Outgoing links
BENEFIT COMPONENTS
BENEFIT COMPONENTS

Version management

Difference between version and

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!Benefit Component Notes
Bracketed words on the following pages represent the field in the Component Rules or the Enrollment form to be filled in. i.e. <User Calc>\\
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To create any usercalcs that may be needed, please refer to the User Calculation Tool Workbook.
Each component has a table to define the rules that are available. The columns in the table are
described below:
*Rule the index number of the rule
*Description a brief description of the rule
*Logic what the rule will do if chosen, and what other ‘pieces’ it may need to complete it logic
*Assoc. if there are any associated benefit components needed they are listed
*Go to after this rule is chosen which benefit component should be evaluated next
The standard or most commonly used rule(s) for each component is indicated by the asterisk
(*) in the Rule column.
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!Notes on Date Benefit Components
*Premium Start date will not work if it is an earlier date than the Plan Effective date.
**The effective date of the IBEN record controls the benefit. If the plan is not yet effective, there is no point in trying to take a premium – the plan will be skipped by UPCALC.
**Same thing applies for expiration date and premium end. There is no point in making the premium stop AFTER the expiration date of the record. If the employee is not in the plan, they will not have their premium amount calculated.
*BC action should be ‘Calculate’
**The BC action for any date component (B0020 – B0270) does not need to be anything but ‘calculate’. The dates are already on the IBEL/IBEN as separate fields.
*‘Allow Value Override’ is only necessary on ‘final date’ values
**B0070, B0130, B0140 are final storage BC’s for Effective, Eligible, Premium Start dates
**B0200, B0260, B0270 are final storage BC’s for Expiration, Eligible Expiry, Premium End dates
**These components are the only ones that the user would override. Toggle should not be on for ‘interim’ date values.
*If plan expires at termination date, a full deduction is taken in final pay.
**If ‘Termination Date’ is used as the expiration date of plan, employee will be considered ‘in the plan’ by the system for their terminating pay. Example Pay Period Start = Jan 1 Pay Period End = Jan 15 Termination Date = Jan 3
**If rule is ‘use termination date’, the system will expire the benefit record as of Jan 3. Benefit plans are always updated using the pay period end date as the processing date, unless the termination date falls within the pay period. There is no automatic pro-ration of benefit amounts.
This page (revision-14) was last changed on 26-Nov-2021 10:22 by jmyersTop