The following table contains the values for the UDPV object and a description of how it is to be used.
|
Value |
Description |
|
AGE |
Indicates a scale based on the members age in years as to how the Formula Applied To may be further categorized. This is an existing code. |
|
AGE MONTHS |
Indicates a scale based on the members age in months as to how the Formula Applied To may be further categorized. This is an existing code. |
|
AGE YEARS |
Indicates a scale based on the members age in years as to how the Formula Applied To may be further categorized. This is an existing code. |
|
AMOUNT |
An existing code. |
|
COUNTDEPEND |
Determine the number of client relationship records of type DEPENDANT and DISABLED DEPENDANT and return this result. (Use Formula Type of MULTIPLE when this Type of Scale is used). |
|
COVER FACTOR |
An existing code. |
|
DATE |
Applies the scale for the source date based on the date criteria specified in the From and To Date periods. Where only the From date has been specified, then only those member dates >= to the From Date qualify. And similarly with the To Date. It also enables the date fields on the benefit scale window. This type has been reinstated as it was marked to be removed since version 5 of this document. |
|
DATE GREATER |
Retrieves the member data where the effective date is greater than the date defined on the scale itself or via the Calculation Parameter. |
|
DATE LESS |
Retrieves the member data where the effective date is less than the date defined on the scale itself or via the Calculation Parameter. |
|
DOXTYR-DEFERTYR |
Used in conjunction with the SECTION 148 Calculation Parameter lookup to determine the X and Y coordinates. The DOXTYR retrieves the end tax year in which the member exited. DEFERTYR retrieves the end tax year for the period when the member became deferred. The tax period month and day is obtained from the Tax Tables for the territory for the member. |
|
DCPHI-DODINCFCT |
Determine the complete number of years between DCPHI and DOD, if the member has no DCPHI stop and return 1. If the member has a DCPHI date, then use the number of complete years calculated and look up in the table holding the index percentages (to be set up as a table named INDEXEDINCREASE under the BENCALC) the annual increase date prior to the DCPHI date and start multiplying (1+% for that year) * (1 + % for next year) etc until it is done for the number of years calculated in the UDPV.
The final result of the UDPV is either 1 (for active) or the TotalBenSalInc (for PHI). |
|
MONTHS |
An existing code. |
|
NRA-YY TO NRD |
Used for factor look up on X and Y parameter. |
|
RATE TABLE |
To specify the calculation of consulting fees based on the LOA scales maintained at a global level. |
|
SALARY |
An existing code. |
|
SALARY YEARS |
To specify the number of years (salary years) on Scale of Benefits. This will enable the scale to be captured and is to be used in conjunction with calculation method of "PREPHI". E.g: 0-4 yrs - 5% 5-99yrs - 100% |
|
SERVICE MONTHS |
Indicates a scale based on the members service in years as to how the Formula Applied To may be further categorized. This is an existing code. |
|
SERVICE YEARS |
Indicates a scale based on the members service in years as to how the Formula Applied To may be further categorized. This is an existing code. |
|
SERVICE |
Indicates a scale based on the members service in months as to how the Formula Applied To may be further categorized. This is an existing code. |
|
SLIDING SCALE |
Calculates a benefit using a sliding scale. E.g. a PHI benefit may be expressed as 75% of the first R10,000 of salary, plus 50% of the next R10,000 and so on. This is an existing code. |
|
TOTDEPEND ALLOC |
Determine the number of client relationship records of type DEPENDANT and DISABLED DEPENDANT and read the appropriate scale for that number to determine the % to be applied. |
|
AGE-YIELD% |
Used for factor look up on X and Y parameter. (X before dash and Y after dash) |
|
YEARSTONRD |
Used for factor look up |
|
YEARSAFTERNRD |
Used for factor look up |
|
YY TO NRD-YLD% |
Used for factor look up on X and Y parameters. |
|
SPA-AGE |
Used for factor look up on X and Y parameter. (X before dash and Y after dash) |
|
REVAL-AGE |
Used for factor look up on X and Y parameter. The REVAL rate is retrieved from the member values table under GMP, SCHEME, FIXED (or SECTION 148). |
|
IDX YIELD%-AGE |
Used for factor look up on X and Y parameter. The IDX YIELD% would refer to the INDEX YIELD value on the Global Parameters. |
|
% OF DEPENDANT |
Calculates the percentage of the member’s pension to be allocated to the dependants. Benefit Products of this type will enable the Spouses and Children Portions menu item where the % per spouse or dependant can be captured. |
|
AGE 60-YIELD% |
Used for factor look up on X and Y parameter. (X before dash and Y after dash). The X parameter refers to the Side label on the Global Parameters and Y to Top Label. Where only one parameter is supplied on the Type Of Scale (e.g. Years to NRD), then this would refer to the Top Label. |
|
AGE FACTOR |
Reads for the commutation factor |
|
AGE NEAR |
Use the Calculation Method of AGEEXACT with a rounding method of YRS/MNTHS NEAREST. This will then return 24 yrs 8 months 2 days as 24.66666667 as the maximum number of decimal is 8 for this result type in the system. |
|
AGE NEAR-YIELD% |
Used for factor look up on X and Y parameter. |
|
AGENEAR-YRDOB |
For the X axis in the calculation, refer to AGE NEAR above. For the Y axis in the calculation, the year of DOB is retrieved. |
|
YY TO NRD-NRA |
Used for factor look up on X and Y parameter. |
|
YIELD%-AGE |
Used for factor look up on X and Y parameter |