Hypertext: Object Class - Class to which a document belongs.
Document Name
OHADBAV370AB
Example
In accordance with the pension plan for the company, the pensionable income is calculated as the annual mean of the last three annual incomes. For one employee, this mean is DEM80,000. For each employment year, 1% of this value is added to the pension. The employee has been a member of the pension plan for 20 years. The monthly pension is then calculated as DEM80,000 * 1% * 20 = DEM1,033.
Requirements
Standard settings
With the Employment Period to Income calculation method, a pension is calculated by multiplying a percentage rate by a pensionable income. The calculation of the pensionable income is controlled by the basic calculation functions. The employment rate is taken from the seniority scale and is determined from the number of employment years that the employee has been a member of the pension plan.