Creating flex credits based on salary

Select the type of salary to use for the flex credit calculation. The values are:

• Annual Pay Rate Primary - Annual salary for the employee's primary work assignment.

• Annual Pay Rate Eligible - Annual salary for work assignments that meet eligibility criteria on the Flex Credit Benefit Group.

• Annual Pay Rate All - Annual salary for all active work assignments for the employee.

These enable the use of Other Amount 1-5 from the employee profile.

Select the date type to use to determine employee salary.

• Current - Calculates the employee's salary based on the system date on which flex credits are calculated

• First of Month - Calculates the employee's salary based on the first of the month in which flex credits are calculated.

• As Of Date - Calculates the employee's salary on the month and day that you specify in the Month Day and optional Year field.

If you select As Of Date in the Date Type field, specify the month, day, and year that is used to determine an employee's salary for flex credit calculations. If you leave the Year field blank when using the As Of Date, the employee's salary is calculated on the latest month and day specified. The employee's salary is calculated from the exact month, day, and year that you specify.

Specify the minimum salary used for calculating flex credits. If an employee's salary is less than this amount, this amount is used to calculate flex credits for the employee.

Specify the maximum salary used for calculating flex credits. If an employee's salary is greater than this amount, this amount is used to calculate flex credits for the employee.

Select the method of rounding the employee's salary.

Specify the decimal place to which the salary should be rounded. For example, to round to the nearest $100, specify 100.