Calculating contributions based on years of service
- Select Benefits > Plans > Benefit Plans.
- Open a benefit plan and select the Contributions tab.
- Click Create.
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If Coverage Class is
Employees, specify this information in the Service section:
- From Date
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Select the date from which to begin calculating an employee's years of service.
- Date Type
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Select the date type to use to calculate an employee's years of service.
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Current: To use an employee's years of service on the date an employee enrolls in the benefit.
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As Of Date: To use an employee's years of service on the month and day that you specify in the Month Day / Year field is used.
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First Of Month: To use the employee's years of service on the first of the month that the employee's benefit begins. For example, if a benefit is added with a start date of May 15, the enrollment date is calculated based on information from May 1.
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Flex Calculation Date: If this benefit is under a flex plan. The employee's years of service is determined using:
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- Month Day / Year
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If you select As Of Date in the Date Type field, specify the month, day, and year to be used to determine an employee's contributions based on years of service..