Constant components are available as both Benefit Formula Components and Accrual Basis Components.  This type of component may be either a constant value for all records or a value that depends upon the contents of a coded field in the Data Dictionary.  As numbers may be typed directly into the benefit formula, you need create a component with a constant value for all records only if it makes the formula more easily understood. A component that varies by coded field is useful when a component’s value in a benefit formula varies among different divisions, but the structure of the benefit formula is the same.

Constant Value is the single value for all records entered as a numeric value or Plan Constant . 

If the value varies by coded field, the contents of this field will determine the value assigned to the component. Select from the list of coded fields in the data dictionary. The codes for the field will populate the first column of the spreadsheet that becomes accessible. The spreadsheet will map the codes of the field to the related values you enter in the second column for the component. Any numeric value is allowed.