Personalizing Agreements

This section discusses how to view reference period information, personalize investment information and interest information.

Page Name

Definition Name

Usage

Inquire and Customize Page

WP_AGRT_CUST_TBL

View details of the agreement information that is defined on the Define Agreement - Agreement page. Employees can also view the agreement document from this page.

Global Fund Page

WP_PERIOD_CUST_TBL

View the reference periods defined for the agreement and the status of each period. Employees can also view the global funding formula defined for each reference period.

Formula View Page

WP_FORMULA_VW2_SEC

View a description of the formula that calculates the global fund amount. This formula is specified in the Funding Formula field on the Define Agreement - Computation page. To make it easier for employees to understand, the system displays the comments specified for the formula and not the actual formula. These comments are entered on the Formula Comments page.

Investment Page

WP_INVEST_CUST_TBL

View the investment methods defined for the agreement. If multiple investment methods are defined, employees can select a method for their share of the global fund.

Investment Method Details Page

WP_AGRT_INVES1_SEC

View the details of an investment method. The fields on this page vary according to the investment method selected.

Interest Page

WP_INTRST_CUST_TBL

View interest information calculated by the Process Interest and Payment process and select whether to reinvest the interest or receive it. This page is available for profit-sharing agreements with the Company Investment method selected only. Interest is not calculated for other types of agreement.

Use the Global Fund page (WP_PERIOD_CUST_TBL) to view the reference periods defined for the agreement and the status of each period.

Employees can also view the global funding formula defined for each reference period.

Navigation:

Compensation > Profit-Sharing FRA > Manage Profit Sharing > Agreement Personalization > Global Fund

This page lists the reference periods that were defined for the agreement using the Reference Period page. Employees can't update any fields on the page.

Field or Control

Description

Global Fund

Displays the global fund amount, which is calculated by the Compute Global Fund and Distribute Global Funds process, using the formulas and distribution methods defined on the Define Agreement pages.

The system populates this field only when the reference period status is Approved.

View Formula

Click to view the formula for calculating the global fund. The system displays the comments specified for the formula on the Formula Comments page.

Use the Investment page (WP_INVEST_CUST_TBL) to view the investment methods defined for the agreement.

If multiple investment methods are defined, employees can select a method for their share of the global fund.

Navigation:

Compensation > Profit-Sharing FRA > Manage Profit Sharing > Agreement Personalization > Investment

Agreement Investments

This scroll area displays the investment methods that were selected for the agreement on the Investment page (Define Agreement component).

Field or Control

Description

Details

Click to view details of the Investment Method. The information displayed varies according to the investment type.

Default

Indicates the default investment method. This is how an employee's funds are invested, unless the employee selects another investment method.

Customize Investment

Employees use this scroll area to override the default investment method for their fund for a selected reference period.

Field or Control

Description

Investment Method

Select from any of the alternative investment methods that are defined for the agreement. Employees can't change the investment method after the first payment is made or after the personalization date defined for the reference period.

Employees who are leaving the organization, select Transfer to new comp/fin orga. to identify the organization to which the funds are transferred. The Details button appears when the employee selects this investment method.

Details

Click this button to display the investment details page. Employees who are leaving the organization use this page to enter the name and address of the new company to which funds will be transferred.

Use the Interest page (WP_INTRST_CUST_TBL) to view interest information calculated by the Process Interest and Payment process and select whether to reinvest the interest or receive it.

This page is available for profit-sharing agreements with the Company Investment method selected only. Interest is not calculated for other types of agreement.

Navigation:

Compensation > Profit-Sharing FRA > Manage Profit Sharing > Agreement Personalization > Interest

Note: This page is displayed for profit-sharing agreement types with Company Investment selected as the investment method only.

Field or Control

Description

Agreement Re-Investment Option

Displays the interest re-investment option selected on the Investment page (Define Agreement component). This is how the system handles interest payments, unless the employee changes the default.

Customize Re-Investment Option

Employees use this scroll area to override the re-investment option defined for the agreement for each reference period. Employees cannot change the re-investment option once interest has been paid for a given reference period, or after the personalization date defined for the reference period.