Create Flexible Benefit Plan

You can create different plans based on the salary basis and the eligibility profiles that are monthly or annual based on the salary basis.

Every plan needs to include the Total Annual Gross Pay (AGP), Overall Fixed Salary and Overall Flexible Salary components. The frequency of the salary basis needs to match the payroll element periodicity.

You need to set the scope to the required legal employer.

Navigation: Navigator > My Enterprise > Setup and Maintenance > Legal Structures > Legal Entity Calculation Cards

To create the flexible benefit plans:

1. Click Add to create a new flexible benefit plan calculation card.
2. Click Create New Plan.
3. In the Plan Details section:
   1. Select the Plan Frequency: monthly or annually.
   2. Enter the Effective Start Date.
   3. Select the Salary Basis Type.
   4. Select the Plan Level Eligibility Profile.
4. In the Components section
   1. Add the required fixed and flexible components to the plan specifying the sequence.
      Employees will view their fixed and flexible plan components in the self-service, based on this sequence.
   2. Specify the percentage value for percentage based components.
   3. Specify the default values for fixed and flexible value components across the organization.
   4. Assign rules to validate the values entered by the employee after restructuring their flexible benefits plan.
   5. Define the component level eligibility.

Results:

You can view, edit, and set the end date for the plans. You can't delete plans that have employees allocated.