Defining Flex Credits Based on Years of Service

You can define flex credits based on these 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.

See Defining flex credits.

  1. In Flex Credits (BN08.1), click Service to open Service Credits (BN08.4).
  2. In the Service Date field, select the date you use to determine employee years of service. This table shows the available 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 Date field.
  3. Specify this information:
    As of Date and Year

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

    • If you selected A - 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 specify 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 use to calculate flex credits.

    Credit Per

    To give flex credits using the employee's annual salary rather than a flat amount, specify the salary amount for each credit. You can calculate 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

    Specify 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 OK.
  5. Click Change in Flex Credits (BN08.1).
Related topics