Defining Flex Credits Based on Age

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 age.

Before you define flex credits based on age, define the basic flex credit information.

See Defining flex credits.

  1. In Flex Credits (BN08.1), click Age to open Age Credits (BN08.3).
  2. Select the date you use to determine employee age in the Date field. This table shows the date options:
    Select To determine an employee's age
    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. Specify this information:
    As of MMDD and Year

    Specify the date you use to determine an employee's age for flex credit calculation.

    • If you selected A - As of Date in the Date field, specify the month and day.
    • If you leave the Year field blank when you use the As of Date, you can calculate an employee's age on the latest month and day specified.
    • If you specify a Year, the employee's age 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, type the salary amount for each credit. You can calculate credits as follows: employee's salary/Credits Per * Credits.

    If you leave this field blank, age credits are a flat amount.

    Method

    If you do not use any rounding methods, select N - No.

    Minimum and Maximum

    Specify the minimum and maximum credits an employee can receive based on age. Minimum and maximum credits apply only when credits are calculated based on the salary amount entered in the Credit Per field.

  4. Click OK.
  5. Click Change Flex Credits (BN08.1).
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