Request For Functionality to Round the Age Reduction Coverage (Doc ID 1160753.1)

Last updated on DECEMBER 29, 2015

Applies to:

PeopleSoft Enterprise HRMS Human Resources - Version 9.2 and later
Information in this document applies to any platform.

Goal

The Age Reduction percentage is applied to the coverage after it has been calculated using the Coverage Formula and the Minimum/Maximum Benefit applied.

For example, for a Coverage Formula = (Base * 2) Round where Round is taken to the nearest 1,000, with a Base of 50,399:

50,399 *2 = (100,798) Round = 101,000 less 15% (age reduction) = 85,850

If, however, the plan had a maximum benefit of 100,000, the calculation would change to the following:

50,399 *2 = (100,798) Round = 101,000

Minimum (calculated 101,000, maximum 100,000) = 100,000

100,000 less 15% (age reduction) = 85,000

Currently there are no rounding rules available for the Age Reduction portion of the Coverage Formula.

Note:  Age reduction is hard-coded to take effect on the employee's birthday, and can NOT be changed using age rules for the insurance plan.

Solution

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