Set Up Rate Definitions

Follow these steps to configure the rate definitions for MyCSP.

Create Rate Definition – Element

1. Using the Rate Definition task, create one rate definition for every earnings element that feeds the Permanent Pensionable Pay balance.
2. Enter the details as shown:

   FIELD	VALUE
   Category	Element
   Storage Type	Amount
   Calculate Live Rates	Must be selected
   Reporting Required	Selected by default
   Contributor Type	Automatically created as Input Value

Create Rate Definition – Derived Rate

1. Using the Rate Definition task, create a rate definition that will be fed by the earnings element rate definitions created in the previous task.
2. Enter the details as shown:

   FIELD	VALUE
   Category	Derived Rate
   Calculate Live Rates	Must be selected
   Reporting Required	Selected by default
   Return Full-Time Rate (in Returned Rate Details)	Selected
   Contributors	Select each element rate definition created previously.

Create Calculation Value Definition

1. Using the Calculation Value Definition task, create new calculation value definition.
2. Enter the details as shown:

   FIELD	VALUE
   Calculation Type	Rate Definition
   Calculation Value Definition Group	New user-defined group
   Retrieval Date	Effective Date
   Calculation Values	Derived rate rate definition created previously.

Create Calculation Factor

1. Using the Elements task, search for the Calculator element of each pension scheme subject to ASLC contributions.
2. Enter the details as shown:

   FIELD	VALUE
   Calculation Step	Rate Amount
   Calculation Value Definition	Calculation Value Definition (created in previous task)