Benefit Cycle Rules (BS06.1)
Use Benefits Cycle Rules (BS06.1) to manage benefits cycle data. The form allows Web Benefits Enrollment to handle mid-year hires and mid-year changes for spending account plans. These plans are tied to flexible plans on Benefit Plan (BN15.1) that have a Contribution Type of 5 (Contribution Limits), where employees specify a flat dollar amount.
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Regardless of the benefits enrollment type (Annual, New Hire, or Life Events), the benefits cycle rules needs the following for every spending account plan:
A begin and end date ranges and the number of cycles remaining so that each divisor and employee pay frequency can display the correct cost in the web benefit enrollment tasks. However, for an annual cost divisor, the system assumes that there is only one cycle remaining. The number of cycles for the benefit plan specified in this form is used to determine how the contributions should be displayed on the web election screens and a benefit enrollment on the server.