Note:
This field only applies to those schemes that use Flexible Benefit Rules.
CALCULATION PARAMETER is used to define the value that will be looked up on the global parameters. This value can be a date, percentage, amount or a factor.
Where CALCULATION PARAMETER is defined as a factor, the method of obtaining the relevant factor will be defined by the type of scale.
CLASSIFICATION is used as the second criteria for looking up the relevant member data. The first criteria will be defined by FORMULA APPLIED TO on the benefit product. The combination of these two values will reference a unique set of member data.
Where more than one result for this data is returned, this will be summarised and returned as one result.
The source of this lookup data is dependent on FORMULA APPLIED TO.
The source of the data per FORMULA APPLIED TO is as follows:
|
RETIREMENT AGES |
The eligibility rules defined on the Benefit Structure Version (BSV) |
|
AMOUNT |
Member information |
|
SERVICE CREDIT |
Member Information |
|
SERVICE BOUGHT |
Member Information |
|
PENSION PAYMENT |
Members Pension Payment record. |
|
HOURS |
Salary table with a salary nomination of this type |
|
MONTHLY SALARY |
Salary table with a salary nomination of this type |