Creating flex credits based on years of service

Select a date type to use for calculating service credit. For example, Start Date, Adjusted Start Date, or Anniversary Date.

Select the date type to use to determine employee years of service.

• Current: Calculates the employee's years of service based on the system date flex credits are calculated

• First of Month: Calculates the employee's years of service based on the first of the month flex credits are calculated.

• As Of Date: Calculates the employee's years of service on the month and day that you specify in the Month Day and Year fields.

If you selected As of Date in the Date Type field, specify the month, day, and year. If you leave the Year field blank when you use the As of Date, the application calculates an employee's years of service on the latest month and day specified. If you specify a year, the employee's years of service is determined on the exact month, day, and year that you specify.

Select the table to use to calculate flex credits.

To give flex credits using the employee's annual salary rather than a flat amount, specify the salary amount for each credit. The application uses this calculation for credits: employee's salary/Credits Per * Credits. If you leave this field blank, years of service credits are a flat amount.

Select the method of rounding.

Specify the decimal place to round to.

Specify the minimum credits that an employee can receive based on their years of service. If the calculated credits are less than this amount, the application assigns this number of credits to the employee.

Specify the maximum credits that an employee can receive based on their years of service. If the calculated credits are greater than this amount, the application assigns this number of credits to the employee.