Plans
Use the Plans tab to create insurance plans for insurance rates. You must set up rates before you can set up plans. While optional insurance can have many plans, non-optional insurance can only have one. This is because participant lists for non-optional plans do not exist.
On the VA VRS Life Insurance page, filter records using the filter criteria. To enter filter criteria, select an option from the list and then select a value.
To add a record, click Add Record, complete the fields on the Deduction Codes and Rates tabs, and click Save.
Select the Plans tab. Refer to the Field Descriptions and enter valid information in the required fields. Select Save, and then Yes.
On the VA VRS Life Insurance page, select the ellipsis in the Actions column, and then edit or delete the record:
Select Edit. Update the information and select Save.
Select Delete, and then select Yes.
Field Descriptions
The information on the Plans tab is stored in the vavrsplan table.
The following table describes the fields on the Plans tab:
Field | Description |
|---|---|
Deduction Code | The deduction code that the insurance plan applies to. The value is retrieved from the Deduction Codes tab. |
Plan Number | The number assigned to this plan. |
Employee Factor | The multiplier used to calculate the employee coverage against the employee’s salary. If the value is 2, employee coverage is twice the salary. |
Spouse Factor | The multiplier used to calculate the spouse coverage against the employee’s salary. If the value is 2, spouse coverage is twice the employee's salary. |
Dependent Factor | The multiplier used to calculate the dependent coverage against the employee’s salary. If the value is 2, dependent coverage is twice the employee's salary. |