Service Rate Table (BN02.3)
Use Service Rate Table (BN02.3) to define contribution amounts based on years of service.
Processing Effect
The application calculates the contribution using either an amount or percent.
More Information
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.
Service rate tables are not valid for COBRA participant and retiree contributions.
You can assign service rate tables to contributions in the following forms:
- BN18.2 (Options Amount Range),
- BN18.3 (Flat Contribution), and
- BN18.4 (Salary or Coverage Rate Table).