The following table contains the values for the UDPV object FORMULA TYPE and a description of how each one is to be used.
|
Value |
Description |
|
ACCRUAL % |
An existing code used with FAS (Final Average Salary) products. |
|
ACCRUAL% TO NRD |
An existing code used with FAS products |
|
AMOUNT |
Indicates that an Amount may be defined on the Benefit Scale or an Amount will be looked up on the Global Parameters or the various sets of Member lookup tables. |
|
CALC TYPE |
Indicates that the Benefit Product is a place holder for lower level Calc Types, Benefit Products and Operands. The Formula Applied To and Type Of Scale fields will be disabled. Benefit Scales will not be allowed to be captured for these types of products. |
|
CALCTYPELOOP |
Indicates that the Benefit Product is a place holder for lower level Calc Types, Benefit Products and Operands. This will be used in conjunction with a Formula Applied To which indicates how to loop through the lower package level set.
Note: For claims and quotes, the results of all of the Benefit Products on all levels below a Benefit Product with a Formula Type of CALCTYPELOOP will repeat the calculation for a number of different scales or beneficiaries. 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. |
|
EARNINGS YIELD |
An existing code used for MIR (Minimum Individual Reserve) calculations. |
|
FACTOR |
Indicates that a Factor may be defined on the Benefit Scale or on the set of global factor tables. |
|
INDEX LINKED |
An existing code used for MIR calculations. |
|
MANUAL |
An existing code. |
|
MULTIPLE |
Existing |
|
PERCENTAGE |
Indicates that a Percentage may be defined on the Benefit Scale or a Percentage will be looked up on the Global Parameters or the various sets of Member lookup tables. |