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.
- Pension Option
- This field displays the name of the pension option being defined.
- Description
- This field provides a short description of the pension plan.
- Pension Option Text
- This field explains how the currently highlighted pension option operates and its usage.
Option Details#
Option Components#
- Seq#
- This field will determine the order in which the pension components will be processed. We recommend that you assign the same sequence number as the PN component number.
- PN Code
- This field displays a predefined 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.
- User Calc
- This field displays any User Calc associated with this pension option.
