Pension Variables, Rules, and Tables Overview
The system provides parameter pages, which you use to create definitions for the 19 core functions that handle pension calculations. The parameter pages can, in turn, reference three types of elements: variables, rules, and tables.
Type |
Description |
---|---|
Variable (alias) |
An alias is a calculated value that varies by employee. A variable can be stored in the database (for example, an employee's birth date) or calculated (for example, an employee's age at termination). When you use multiple job processes, there are special rules for resolving aliases. See |
Rule |
Rules are incorporated into the main parameter pages to provide functions that enable you to reuse specific subsets of the definitions. For example, you can create an earnings projection method using the projections rule and then apply that method within the final average earnings, cash balance accounts, and employee accounts functions. |
Tables |
Tables are lists of values that you use for specific functions. For example, you can set up mortality tables that can be referenced from an actuarial assumption set. |