When Do I Use Rate Tables?

In the Benefits Administration application you use rate tables to vary contributions by age, salary, or years of service. The rate tables can also vary by smoker status. Rate table contributions are either an amount or a percent. You can use an amount or percent with the Contribution Types; Options Amount Range, Flat Contributions, Salary, or Coverage Rate Table.

Only rate tables based on age are valid for COBRA participant and retiree contributions.

The same rate table can have many start dates to accommodate rate changes. When you assign a rate table to a benefit plan's contribution record, the rate table's start date must match the start date of the contribution record. If you add a new rate table with a new start date, you must also add a new contribution record.