What is parameter group in SAP PA-BN - Benefits?

SAP Term: parameter group

• Component: PA-BN

• Component Name: Benefits

• Description: A customer-defined, unique grouping of age, salary, and/or seniority ranges, as defined in the associated employee criteria groups. Parameter groups can be used to determined the value of any of the following variables: Cost Credit Coverage Employee contribution Employer contribution

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• Key Concepts: 
  A parameter group is a set of parameters that are used to define the characteristics of a particular benefit plan in SAP Benefits (PA-BN). It contains all the necessary information to define the plan, such as eligibility criteria, contribution rates, and payment methods. 
  
  How to use it: 
  Parameter groups are used to define the characteristics of a benefit plan in SAP Benefits. To create a parameter group, you must first define the eligibility criteria, contribution rates, and payment methods for the plan. Once these parameters have been defined, they can be saved as a parameter group and used to create new benefit plans. 
  
  Tips & Tricks: 
  When creating a parameter group, it is important to ensure that all of the necessary parameters are included. This will ensure that the benefit plan is properly configured and will function as expected. Additionally, it is important to keep track of any changes made to the parameter group so that they can be easily reverted if needed. 
  
  Related Information: 
  For more information on parameter groups in SAP Benefits (PA-BN), please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed instructions on how to create and manage parameter groups in SAP Benefits.