Remuneration Type

Definition

Classification of remunerations.

Use

The remuneration type for an activity (determined by the fixing process) specifies the basic entitlement of a participant and shows the type of the remuneration, and the calculation algorithm required for calculating the remuneration amount.

Structure

A remuneration type includes the following data:

  • Kinds of remuneration:

  • Performance-related remunerations

  • Flat-rates

  • Guarantees

  • Remuneration basis:

  • Valuation type

  • Difference or absolute value

  • Remuneration rule

  • Account assignment

  • Liability

Example Example

End of the example.

Possible remuneration types:

  • In-force business support commission

  • Closing commission for life

  • Closing commission for health insurance