Manually creating flex credit records for employees
Use this procedure to create flex
credit records for an employee in a flex plan.
- Select Benefits > Maintenance > By Employees.
- Select an employee.
- Click the Flex Credits tab.
- Click Create.
- Specify the flex plan, start date, and stop date of the flex credit record.
-
On the Main tab, specify this
information:
- Manual Override
- Select this check box to ensure that the record is not evaluated for changes when you run the Mass Update action.
- Currency
- Select a currency to use in the flex credit record.
- Annual Salary
- Specify the employee's annual salary to override the one
that is calculated.
You must specify an annual salary within the minimum and maximum range that is applied from the flex credit rule.
- Employee Pre Tax Amount
- Specify the employee's pre-tax amount.
- Base
- Specify the base amount of flex credits that are given to every eligible employee in the flex plan.
- Service
- Specify the employee's years of service in the flex credit record.
- Age
- Specify the employee's age in the flex credit record.
- Dependent
- Specify the number of employee's dependent in the flex credit record.
- Click Save.
- On the Flex Periods tab, specify this information: annual salary, base dollars (the flex credits given to every eligible employee in the flex plan), number of flex credits given before benefit election, pre-tax dollar limits, and the total flex and pre tax dollars. A flex period is automatically created starting with the start date for the employee's flex credits and the end date equal to the end date of the Flex plan year. These show the available and spent credits and pre tax salary. It shows the amount, if any that the employee will receive as income.