Defining Coverage Salary Parameters
This procedure outlines the tasks to define coverage salary parameters. If you entered percent or multiple of salary in the Calculation Type on BN17.3, Salary Parameters (BN17.5) automatically opens after you select Add. You must define the salary parameters to use percent and multiple of salary calculations.
To define coverage salary parameters
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Access Salary Parameters (BN17.5).
If you defined Calculation type on BN17.3 as Percent or Multiple of Salary and select the Add form function, Salary Parameters (BN17.5) automatically opens. If BN17.5 did not automatically open, click the Salary button on BN17.3.
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Select the salary type you want to use for the calculation
in the Type field. The following table explains the different salary
options.
Note: If you select a salary field other than the Employee Salary, (for example, BN Salary 1), be sure that field is being logged to history on Data Item Attributes (HR10.1).
Select To use Employee Salary the employee's annualized rate of pay from Employee (HR11.1) or, if applicable, the employee's step and grade schedule. Total Employee Salary the employee's total salary from all positions. Flex Salary the employee's salary on the Employee Flex Credit (BN45.1) record. Benefit Salary the benefit salaries from the Ben Date tab of HR11.1. Emp and Ben Sal the employee's annualized rate of pay from HR11.1 plus a benefit salary. You use this option if only some of your employees in this plan will need to have a benefit salary amount maintained, such as, employees paid on commission. Total Emp and Sal the employee's total salary from all positions plus a benefit salary. -
Select the date you want to use to determine employee
salaries in the Date field. The table below explains the date options.
Select To determine an employee's salary Current on the application date employee enrolls in the benefit. First of Month on the first of the month the benefit begins. As of Date on a particular month and day. The application uses the month and day that you specify in the AS of MMDD field. Flex Calc Date on the same date used to calculate the employee's flex credits. -
Complete the form. Use the following guidelines to
enter field values:
- As of MMDD and Year
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Type the date you want to use to determine an employee's salary for coverage calculations.
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If you selected As of Date in the Date field, type the month and day.
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If you leave the Year field blank when you use the As of Date, the application calculates an employee's salary on the latest month and day specified.
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If you type a Year, the employee's salary is determined on the exact month, day, and year you specify.
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If you use an AS of Date, and the employee has no salary history on that date, the current salary is used.
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- Method
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This is a required field. If you don't want the application to use any rounding methods, select No Rounding.
- Click OK to close BN17.5.
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Select the Add form function on Coverage Amounts (BN17.3).
If you are changing salary parameters, select the Change form function on BN17.3.