query on the following screenshot on benefits (Define Employee Contribution Variants)

[Former Member]

Hi All

can someone please explain me the boxes marked in red for "Define Employee Contribution Variants"

Thanks

Rahul

[Former Member · Accepted solution]

Hi Rahul,

The Contribution criteria is all about differentiating the employee contributions based on Age of the EE, Seniority of the EE in the company, Salary of the EE, for this you need to configure the parameter groups first then you can get on to the Age, seniority, Salary etc.

The Hire date Override and Leaving Date Override section is all about allowing the employees seniority to be calculated for a given plan other than Hire date and Leaving date.

The waiting period is about start of contribution if you assign the field 'Number Unit' as 1 and corresponding field as month, means the contribution will start after a month of enrollment.

Hope this helps

Regards

Upen