Creating salary or coverage rate table contribution rules for life plans

  1. Select Benefits > Plans > Benefit Plans.
  2. On the Benefit Plan Contributions tab, click Create.
  3. Select a Coverage Class, Benefit Group, and the Contribution Start Date.
  4. Specify this information for all Contribution Types:
    Contribution Tax Type

    Select whether the employee contributions are pre tax, after tax or both. If employee contributions are no allowed for the plan, select No Employee Contribution.

    Note: This field must match with the deductions attached to the plan.
    Default Tax Type

    Select a Default Tax Type when the Contribution Tax Type is Both.

    Currency

    Select the currency in which to display tax type.

  5. In the Calculation section, specify this information:
    Rate Table

    Select a life plan.

    Contribution Basis
    Include Amount Subject to EOI
    Cost Per Coverage Increment
  6. Optionally, define how adjustments are to be calculated.
    See Calculating adjustments for contributions.