term fund flex help what is
Meaning of flex fund. What is it: spent on benefits. A flex fund is allocated within the Additional.

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Definition flex fund

FLEX FUND title: flex fund (PA-BN-FB) (SAP Library - Glossary)
FLEX FUND category: Flexible Benefits (PA-BN-FB)
FLEX FUND explained:

The value of money provided by an employer that can be spent on benefits.

A flex fund is allocated within the Additional Funding Scheme in Flexible Benefits for Great Britain (GB FlexBens).

Employees are offered a list of flexible benefits, from which they can

make their selections, paying for these with their flex fund. The value

of an employee's flex fund can be calculated in a number of ways:

As a set percentage of basic salary As a set value, dependant on grade or position of employee Based on value of benefits held before the introduction of flexible benefits As a percentage of Base Salary, plus the value of existing benefits Individual calculation per employee

More terms such as flex fund in Dictionary F.

Manual Free Variable:
Help For certain correspondence types, the user can assign a value to text module variable online. This transaction is marked as the entry of free variables flex fund definition.
Manual Formula Award:
Help An award whose amount is determined by the sponsor, based on statistical or financial information provided by the grantee flex fund explain.
Manual Follow-Up Visit:
Help Visit category for visit scheduling in Outpatient Clinic Management flex fund what is.
Manual Fill-In Item:
Help Item type in which the test participant is not provided with possible answers, but is required to enter or complete the answer independently flex fund meaning.
Manual Founding Class:
Help A class that gets a certain characteristic allocated by direct assignment (and not by inheritance). With respect to this characteristic, the founding class is the point of origin flex fund abbreviation.
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