Defining Participation Requirements
To define participation requirements, use the Participation (PARTICIPATION) component.
|
Page Name |
Definition Name |
Usage |
|---|---|---|
|
PA_PARTIC_PARMS |
|
Use the Participation page (PA_PARTIC_PARMS) to:
Enter age and service requirements.
Enter date adjustments or allow immediate participation.
Navigation:
This example illustrates the fields and controls on the Participation page.
Establish Immediate Participation
Field or Control |
Description |
|---|---|
Immediate Participation |
For plans without participation requirements, select this option to make the age and service requirements options unavailable for data entry. You can still defer participation until a plan entry date specified in the Participation Date Adjustments group box. |
Age Requirements
Field or Control |
Description |
|---|---|
Required |
Select if the plan has a service requirement. |
Result |
Enter a date alias result for the date when an employee meets the age requirement—for example, a date alias that adds 21 years to the employee's date of birth. |
Service Requirements
Field or Control |
Description |
|---|---|
Required |
Select this option if the plan has a service requirement. You can enter one or two service requirements. Select Only One Requirementif there is a single service requirement. Otherwise, indicate whether employees begin participation after meeting the Greater of (the later of) or the Lesser of (the earlier of) the two requirements. |
Service 1 and Service 2 |
Enter the required years of service, even if you're measuring service in months. If the service requirement is less than a full year, use a fraction—for example, .5 for a six-month requirement. |
Service Result |
Enter the service function results used to measure participation service. Remember, if participation is a prerequisite for service credit, your participation service function result has to be different than the service credit function result. Note: Place the participation service function result before the participation function result in the calculation job stream. |
Participation Date Adjustments
Field or Control |
Description |
|---|---|
No Date Adjustments |
Employees may not become eligible to participate on the exact date when they meet the participation requirements specified above. They may have to wait, for example, until the following month or the following quarter. Select No Date Adjustments if the plan has no such adjustments. |
Rounding Method |
Use this option, for example, to round to the first day of the following month. Indicate the method in the adjoining field. |
Next Following and Coincident or Next Following |
Use to set specific plan entry dates, up to four per year. The participation date is delayed until the next of the specified dates. Indicate the entry date or dates in the Month <#> and Day <#> fields—for example, 1/1, 4/1, 7/1, and 10/1 for quarterly plan entry dates. If you set up the adjustment on 6/25, participation begins on 7/1. |