Note:
This field only applies to those schemes that use Flexible Benefit Rules.
The following table contains the values for the UDPV Type of Payment and a description of how it is to be used.
|
Value |
Description |
|
CASH |
Indicates the type of payment to be created in the annuity payment process |
|
ANNUITY |
Indicates the type of payment to be created in the annuity payment process |
|
LIVING ANNUITY |
Indicates the type of payment to be created in the annuity payment process |
|
NO PAYMENT |
Indicates that membership payment records for this type of payment must not be included in the annuity payment batch job. |
|
PURCH ANNUITY |
Indicates the type of payment to be created in the annuity payment process |
|
TRANSFER |
Indicates the type of payment to be created in the annuity payment process |
|
SP DEDUCTION |
Indicates the type of payment to be created in the annuity payment process.
Note: If there are any payment detail records which are not end dated, then the SP DEDUCTION Membership Payment record will not be included when the Annuity Payment batch job is run.
If all Membership Payment records are of a Type of Payment ANNUITY, and there is a Membership Payment record with a Type of Payment of SP DEDUCTION, then the SP DEDUCTION Membership Payment record will be treated as a deduction. |
|
PENSION DEBIT |
Indicates the type of payment to be created in the annuity payment process |
|
NONPMTANNUITY |
Indicates the type of payment to be created in the annuity payment process |
|
ANN DEDUCTION |
Indicates the type of payment to be created in the annuity payment process |
|
REFUNDBYCOMPANY |
Indicates the type of payment to be created in the annuity payment process. |