Can a Base Benefits Medical Plan Rate Calculation Based on Months/Years Of Service Be Frozen in Time?
Last updated on JULY 04, 2017
Applies to:PeopleSoft Enterprise HCM Benefits Administration - Version 9 and later
Information in this document applies to any platform.
When a benefit rate based on Months of Service is used for Medical plan costs, which value from employment dates is used to calculate length of service?
1. Long serving employee retires from active service, with pay and benefits
2. Employee enrolls in health plan where the rate is calculated using months/years of service
3. The months/years of service value needs to be constant as the employee's service accrual has stopped.
Sign In with your My Oracle Support account
Don't have a My Oracle Support account? Click to get started
Million Knowledge Articles and hundreds of Community platforms