Table of Contents

Benefit types

First set up benefit types and benefits. Then add rules, rates, limits, and entry thresholds, and use the calculation preview to check which employees the configuration applies to.

Prerequisites

  • Salary types for the base, contributions, and free salary types are set up.
  • Foundations for OASI-related and insurance-related parameters are aligned.

Set up benefit types

Benefit types classify benefits and determine which salary types are used as the calculation base. Open the Benefit Types page to manage the existing types.

  1. Choose the Search icon, enter Benefit Types, and then choose the related link.
  2. Choose New to add a benefit type.
  3. Fill in the fields as described in the following table.
Field Description
Code Unique identifier of the benefit type.
Description Descriptive name of the benefit type.
Base Salary Type Notional salary type that passes the contribution base to the benefit calculation. This field is mandatory as soon as benefits are assigned to the type.
Calculation Type Determines the calculation logic. Possible values: blank (standard) or Old-Age and Survivors Insurance. If the value is blank, the standard calculation is used.
Inactive Specifies whether the benefit type is included during payroll processing.
Tipp

Use the Move Up and Move Down actions (keyboard shortcut Alt+Up Arrow or Alt+Down Arrow) to control the calculation order. Reset Calculation Order rearranges the types alphabetically.

Set OASI parameters

If you choose Old-Age and Survivors Insurance as the Calculation Type, additional OASI parameters are required.

  1. On the Benefit Types page, select the relevant entry.
  2. Choose the OASI Parameters action to open the OASI Benefit Parameters page.
  3. Fill in the fields as described in the following table.
Field Description
Retiree Exemption Salary Type Notional salary type that provides the retiree exemption to the calculation. Required when an annual amount is stored.
Annual Retiree Exemption Annual amount up to which no social security contributions apply for employed retirees.
Men Retirement Age Date formula for the standard retirement age for men (default: <65J>).
Women Retirement Age Date formula for the standard retirement age for women (default: <64J>).

See also