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Settlement steps

A settlement policy is a pipeline of steps that run in order at the end of each period. The steps fall into three groups:

  • Crediting steps add earned time to the account — plain flex, or an expression that combines several counters at different rates.
  • Cap and payout steps then adjust the result — capping the balance, forfeiting or paying out the surplus, or paying a requested withdrawal.
  • Threshold and transfer steps move balance between accounts — pre-paying a recurring threshold, or transferring the balance elsewhere.

List crediting steps before cap and payout steps, so the caps act on the freshly credited balance.

Crediting steps

Cap and payout steps

Threshold and transfer steps