Rules and Formulas

Description

For the purpose of a more flexible Benefits setup and a more easily comprehended system, the concepts of Coverage formula and Employee contribution rule have been introduced and that of Employer contribution expanded.

Just like Cost and Credit, these three are now all set up in three stages:

Each of these stages is contained in a separate view in the IMG. This set up now makes the five concepts of Cost, Credit, Coverage, Employee contribution and Employer contribution symmetrical and uniform, ensuring a faster comprehension of the Benefits IMG.

Click here for more specific information on employer contribution rules.

Change system parameters in customizing

See also;

Coverage groups
Define coverge formulas
Define coverage formula calculation rules

Employee contribution groups
Define employee contribution rules
Define employee contribution rule criteria

Employer contribution groups
Define employer contribution rules
Define employer contribution rule criteria