Formula Applied To (UDPV Definitions)

The following table contains the values for the UDPV object FORMULA APPLIED TO and a description of how each one is to be used.

Value	Description
AMOUNT	An instruction to do a look up on the Member Information table where the Member Information Type is Amount. The Benefit Scale Classification will further define what Amount Sub Type to retrieve
ANNUITY AMT	Existing - used with non salary based FAS product (death of member after retirement)
ANNIVERSARY SAL	An existing used with FAS products.
ANNUALISED CONS
BENEFIT AMOUNT
CONTRIBUTIONS	An instruction to retrieve transactions from the Member’s contribution account. Used for refund of contribution calculations with no interest included.
SERVICE BOUGHT	An instruction to look up on the Member Information table, the Type matching this value
SERVICE CREDIT	Instruction to look up on the Member Information table, the Type matching this value
HOURS	An instruction to look up on the Member’s Salary table, the Type matching this value
INCOME TYPE	An instruction to look up the Member’s investment accounts
MONTHLY SALARY	An instruction to look up the Members Salary for the type specified in the Benefit Scale Classification
OFFSHORE
PENSION PAYMENT	An instruction to look up the Member’s Pension Payment record for the type specified in the Benefit Scale Classification (refers to take on data) The latest ANNUITY pays pension payment record is retrieved for the member. No Classifications exist for this FAT yet.
PENS PYMNT ORIG	The initial Pension put into payment as at date of incapacity. The 4 character Classification values map to the Type on the Annuity Payment record. The latest annuity payment is retrieves and this amount is used.
SERVICE NORMAL	An instruction to look up on the Member Information table, the Type matching this value. The Benefit Scale Classification will further define the Sub Type to be retrieved.
SPOUSE	An instruction to look up the Spouse linked to the Member via the Client Relationship
TERRITORY	Look up the value of the Territory Global Parameters as specified by the Benefit Scale Classification based on the Territory where the member is resident.
PENSION TAKE-ON	An instruction to look up the Member Information table, the value matching the pension take-on value specified in the Benefit Scale Classification
PENSION SHARE	An instruction to look up on the Member Information table, the value matching the pension sharing value specified in the Benefit Scale Classification
GMP	An instruction to look up on the Member Information table, the value matching the GMP value specified in the Benefit Scale Classification
GRADED SALARY	Existing code used with FAS products
MEMBER CHOICE	An instruction to look up on the Member Information table, the value matching the Flexible Retirement Choice value specified in the Benefit Scale Classification
RETIREMENT AGES	An instruction to look up the Eligibility Rules on the Benefit Structure Version, the value matching the value specified in the Benefit Scale Classification
RETIREMENT DATE
ANNUAL SALARY	An instruction to look up the Members annual Salary for the type specified in the Benefit Scale Classification.
RISK SALARY	An existing code.
SALARY	An existing code.
ACCOUNTING	Indicates, together with the associated Classification, which Accounting Activities to read on the Accounting Association.
LTA	An instruction to look up on the Member Information table, the value matching the Flexible Retirement Choice value specified in the Benefit Scale Classification.
SPDATE
TAX	An instruction to look up the tax rate or amount on the tax tables. This is the additional recovery charge to be levied on the value of the member’s benefit exceeding Life Time Allowance. The tax table for the Currency, Territory and Tax Type is retrieved and the latest rate is returned. The Currency and Territory on the member’s record is used and where these do not exist, then the scheme Currency & Territory is used.
TAXRATES	An instruction to look up the tax rate or amount on the tax tables.
MEMBER	Indicates to the Classification or various Calculation Methods to use the member’s data vs. the SPOUSE data.
BENEFICIARY	Will look up from the client relationships linked to the member, those matching the Classification defined. Also can be used with a Formula Type of CALCTYPELOOP which will then loop through all the Beneficiary records and perform all the calculations below and including the calculation in which it is used. Note: For claims and quotes, each result calculated in the loop will be linked to the applicable member or beneficiary so that the results can be displayed on the Benefit Results screen.
FOR EACH FINDEP	Will be used with a Formula Type of CALCTYPELOOP which will then loop through all the beneficiary records of type FIN DEPENDANT and perform all the calculations below and including the calculation in which it is used. Note: For claims and quotes, each result calculated in the loop will be linked to the applicable member or dependant so that the results can be displayed on the Benefit Results screen.
WORKINGLIFE