Balance Transfer to New Plan in Same Category After Global Transfer

During a global transfer, you can now configure the absence plans to allow balance transfer to a target plan as long as both the source and target plans belong to the same plan category. As part of the enhancements, there are new configuration options in the Balance Disposition Rules section under the Participation tab of the absence plan setup page. There is a new subsection called On Transfer to New Legal Employer.

Balance Disposition Rules section on the absence plan setup page

You can allow balance transfer to a plan belonging to the same category using the Transfer Balance To field. Additionally, you can also configure what happens to the carryover balance during the transfer. When you select the option to transfer balance to the same plan or plan category, a new check box called Retain Carryover Balance becomes editable. When it's checked, the carryover balance is tracked separately in the new plan, and is subject to expiration rules.  When it's unchecked, the entire balance in the source plan becomes the initial balance in the target plan, and isn't subject to carryover expiration.

Transfer Balance To field and Retain Carryover Balance check box

Transfer balance from the source plan to a new target plan in the same category after global transfer transaction using new configuration options.

Steps to Enable

You don't need to do anything to enable this feature.