Benefit Expiration
- Julie Leake (Unlicensed)
- Frank Gambino
- Former user (Deleted)
Benefit Expiration work rules allow you to determine when an employee's benefit accruals expire.
The Benefit Expiration work rule type includes the following work rules:
- Anniversary Year
- Prior Year Expiration on Fixed Date
- Calendar Year Carry Over
- Unused Credit Expiration and Waive
- Unused Debit Expiration and Pay
- Minimum Worked Hours During Prior Anniversary Year Transfer
Anniversary Year
| Description | Set limits for how many benefits can be carried over from one anniversary year to the next. | |
| Example(s) | If an employee's Hire Date is March 1, any benefits that are over the established limits will expire and be forfeited on March 1 each year. | |
| Parameters | Parameter | Description |
| Accrual Earning Type | Earning type for the accrual. | |
| Expire Total Balance | If the check box is selected, the total balance of accrual will expire, rather than running a balance for expirations. | |
| Factor | Factor to apply to the earning. Earning total dollars = Hours × Rate × Factor. | |
| Maximum Carryover | Maximum accruals that can carry over. | |
| Pay Expiration | When this check box is selected, the expiration is paid out to the specified expiration earning at the home job rate. | |
| Pay Expiration Earning | Earning to which the expiring amount is paid. The earning type is selected from a drop-down list. | |
| Use Seniority Date | If the check box is selected, the accrual balance will be checked on the anniversary of the employee's Senority Date, instead of the Hire Date. | |
Prior Year Expiration on Fixed Date
| Description | Benefits from the prior year expire on a fixed date. | |
| Parameters | Parameter | Description |
| Accrual Earning Type | Accrual Earning Type that expires on the fixed date. | |
| Expire Negative Benefits | If the check box is selected, negative balances will also expire. | |
| Expiring Earning Type | Select the Earning Type that will expire. Drop-down menu options include:
| |
| Negative Balance Earning Type | Select the Earning Type with a negative balance that will expire. Drop-down menu options include:
| |
| Pay Expiring Hours | If the check box is selected, expiring hours from the previous year will be paid out. | |
| Referenced Date of Expiration | The selected Accrual Earning Types expire on the anniversary of the Referenced Date of Expiration. | |
| Years Back | Number of years back to expire. | |
Calendar Year Carry Over
| Description | Limit the carry over of benefits each calendar year based on a fixed date. | |
| Parameters | Parameter | Description |
| Accrual Earning Type | Accrual Earning Type to expire. | |
| Expire Total Balance | If the check box is selected, the total balance of accrual will expire, rather than running a balance for expirations. | |
| Maximum Carryover | Maximum benefit hours that will carry over on the anniversary of the selected reference date. | |
| Reference Date | Select the reference date. Carryover is checked on each anniversary of the reference date, and any amount of hours exceeding the maximum carryover expires. | |
Unused Credit Expiration and Waive
| Description | Set unused credits to expire and waive after a certain number of days. | |
| Parameters | Parameter | Description |
| Accrual Earning Type | Accrual Earning Type to expire. | |
| Credit Expiration Days | Number of days after which unused credit transactions expire. | |
Unused Debit Expiration and Pay
| Description | Set unused debits to expire and pay out after a certain number of days. | |
| Parameters | Parameter | Description |
| Accrual Earning Type | Accrual Earning Type to expire. | |
| Debit Expiration Days | Number of days after which unused debit transactions expire. | |
| Expiration Earning | The Earning Type to which the expired hours are assigned. | |
| Expiration Factor | Factor to apply against expired hours rate. | |
| Current Pay Rate | If the check box is selected, the pay rate used is based on the rate at the expiration date, rather than the what the rate was when the benefit was accrued. | |
Minimum Worked Hours During Prior Anniversary Year Transfer
| Description | Expires an accrual after a certain number of months and transfers them to a different accrual if the employee worked the required hours in the previous anniversary year. | |
| Parameters | Parameter | Description |
| Accural Earning Type | Accrual Earning Type to expire. | |
| Expire Total Balance | If the check box is selected, the total balance of accrual will expire, rather than running a balance for expirations. | |
| Months | Number of months after which the accruals will expire and transfer to another accrual. | |
| Required Hours | Number of hours the employee must work in the prior anniversary year in order for the accruals to transfer. | |
| Transfer to Accrual | Accrual to which the balance should be transferred, if the required hours are met. | |