Defining Flex Credits Based on Years of Service

You can define flex credits based on the following credit tables: Age, service, dependents and lifestyle. This procedure outlines the tasks to define your flex credits based on years of service.

Before you define flex credits based on years of service, define the basic flex credit information. Defining flex credits

To define flex credits based on years of service

  1. Click the Service button, on Flex Credits (BN08.1), to open Service Credits (BN08.4).
  2. In the Service Date field, select the date you want to use to determine employee years of service. The table below explains the date options.
    Select To determine an employee's years of service
    Current on the system date flex credits are calculated.
    First of Month on the first of the month flex credits are calculated.
    As of Date on a particular month and day. The application uses the month and day that you specify in the AS of MMDD field.
  3. Use the following guidelines to complete the form:
    As of MMDD and Year

    Type the date you want to use to determine an employee's years of service for coverage calculations.

    • If you selected As of Date in the Date field, type the month and day.

    • 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 type a Year, the employee's years of service is determined on the exact month, day, and year you specify.

    Rate Table

    Select the table you want the application to use to calculate flex credits.

    Credit Per

    To give flex credits using the employee's annual salary rather than a flat amount, type the salary amount for each credit. The application calculates credits as follows: employee's salary/Credits Per * Credits.

    If you leave this field blank, years of service credits are a flat amount.

    Minimum and Maximum

    Type the minimum and maximum credits an employee can receive based on their years of service. If the calculated credits are less or greater than these amounts the application gives this amount of credits to the employee.

  4. Click the OK button.
  5. Select the Change form function on Flex Credits (BN08.1).
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