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Client as per their legislation needs Beneficiary percentages to be less than 100%

in Benefits 1 comment

Summary:

We have defined a Pension Plan and enabled Beneficiary allocations to the eligible contacts.

During enrollment all of the eligible contacts (Beneficiaries for the pension plan) are visible for whom the percentage allocations are made

Ex If an employee for whom the pension plan is enrolled has a spouse and 2 child -contacts then the working as of now

is the percentage allocations can be distributed amongst the spouse and the 2 child contacts and the sum of the percentage allocations amongst the 3 is 100%



Content (required):

The requirement is


Scenario 1 - employee has a spouse and 2 children as beneficiaries

Percentage allocation should be only 70% to the spouse ; Per the country legislation the percentage allocation cannot be 100% but only 70%

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