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The “View Saving Plan Details” page appears.
The system displays the following.
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Date format |
The date format of the previous page. |
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Benefits Definition Unit |
The benefits definitions unit selected in the previous page. |
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Currency |
The currency in which premium is paid for the plan. |
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Coverage Option |
One of the three values namely “Contribution Details”, "Coverage Details" and "Coverage Matrix" are displayed. |
Note: If “Coverage Details” option is displayed the corresponding details are displayed in the “Contribution Details”, “Self Coverage Details” group box. If “Coverage Matrix” option is displayed, the details are displayed in the “Coverage Matrix group” box.
To view employee coverage details
The system displays the following.
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Coverage Description |
The coverage description of the plan. |
The system displays the following.
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Minimum Amount |
The minimum amount that can be contributed in the plan. |
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Maximum Amount |
The maximum amount that can be contributed in the plan |
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Minimum (%) |
The minimum percentage of pay that can be contributed in the plan. |
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Maximum (%) |
The maximum percentage of pay that can be contributed in the plan. |
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Incremental steps |
The increase percentage of contribution. Note that you can specify this value only if the minimum and maximum contribution values have been specified. |
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Rule |
The rule name that determines the contribution value for the plan. |
To view employer contribution details
You can view the employer contribution in terms of amount, percentage of salary or define a rule. Only one among them will be displayed.
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Minimum Amount |
The minimum amount that can be contributed in the plan. |
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Maximum Amount |
The maximum amount that can be contributed in the plan |
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Minimum (%) |
The minimum percentage of pay that can be contributed in the plan. |
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Maximum (%) |
The maximum percentage of pay that can be contributed in the plan. |
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Employer Contribution (%) |
The percentage of employee’ pay that the employer can contribute. |
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Maximum Matching Contribution in % |
The maximum percentage of matching contribution paid by the employer with respect to the employee’s contribution. |
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Rule |
The rule name that determines the employer contribution for the plan. |
To view self-coverage details in amount
The following details in the “Coverage Details” group box are displayed if “Self Coverage Details” option is selected.
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Coverage Description |
The description of the coverage level |
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Minimum |
The minimum amount covered in the plan. |
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Maximum |
The maximum amount covered in the plan. |
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Incremental Steps (Amt) |
The increase in the contribution of the coverage amount. |
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Coverage Rule |
The rule name that defines the coverage amount for the benefit plan. |
To view self-coverage details in times pay
In the “Coverage Details” group box the following details are displayed if “Self Coverage Details” option is selected and are specified in terms of times pay.
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Minimum (in Times Pay) |
The minimum number of times pay that can be covered. |
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Maximum (in Times Pay) |
The maximum number of times pay that can be covered. |
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Incremental Steps (in Times Pay) |
The increase in the contribution of the coverage amount. |
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Coverage Rule |
The rule name that defines the coverage value for the benefit plan |
To view coverage matrix details for the plan
The “Coverage Matrix” option must have been specified and these details are displayed in the “Coverage Matrix” group box.
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Coverage Level Description |
The unique description of the coverage level. |
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Amount |
The amount that can be covered for the coverage level. |
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X Pay |
The percentage of salary that can be covered. |
To view the maximum amount that the employee can contribute for the plan in a calendar year under the statute.
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From year |
The start date of the year |
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To Year |
The end date of the year. |
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Maximum Amount |
The maximum amount that can be contributed during the year for the plan. |
To view savings details of the plan.
To view employer contribution details
To view self-coverage details in amount
To view self-coverage details in times pay
To view coverage matrix details for the plan