Benefit Expiration

Set limits for how many benefits can be carried over from one anniversary year to the next. 

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.

Earning type for the accrual.

If the check box is selected, the total balance of accrual expires at the end of the day. Otherwise, accruals expire at the beginning of the day.

If the check box is selected, the total balance of accrual will expire, rather than running a balance for expirations.

Factor to apply to the earning. Earning total dollars = Hours × Rate × Factor.

Maximum accruals that can carry over.

When this check box is selected, the expiration is paid out to the specified expiration earning at the home job rate.

Earning to which the expiring amount is paid. The earning type is selected from a drop-down list.

Benefits from the prior year expire on a fixed date.

Accrual Earning Type that expires on the fixed date.

If the check box is selected, the total balance of accrual expires at the end of the day. Otherwise, accruals expire at the beginning of the day.

If the check box is selected, negative balances will also expire.

Select the Earning Type that will expire. Drop-down menu options include:

• Holiday

• Owned Bank Hours

• Expired Bank Hours

• Meal Break Penalty

• Lieu Taken

Select the Earning Type with a negative balance that will expire. Drop-down menu options include:

• Holiday

• Owned Bank Hours

• Expired Bank Hours

• Meal Break Penalty

• Lieu Taken

If the check box is selected, expiring hours from the previous year will be paid out.

The selected Accrual Earning Types expire on the anniversary of the Referenced Date of Expiration.

Limit the carry over of benefits each calendar year based on a fixed date.

Accrual Earning Type to expire.

If the check box is selected, the total balance of accrual expires at the end of the day. Otherwise, accruals expire at the beginning of the day.

If the check box is selected, the total balance of accrual will expire, rather than running a balance for expirations.

Maximum benefit hours that will carry over on the anniversary of the selected reference date.

Set unused credits to expire and waive after a certain number of days.

Accrual Earning Type to expire.

Number of days after which unused credit transactions expire.

Set unused debits to expire and pay out after a certain number of days.

Note: The Expiration earning type should be mapped to the Accrual Earning for proper balancing.

Accrual Earning Type to expire.

Number of days after which unused debit transactions expire.

The Earning Type to which the expired hours are assigned.

Factor to apply against expired hours rate.

If the check box is selected, the total balance of accrual expires at the end of the day. Otherwise, accruals expire at the beginning of the day.

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.

Accrual Earning Type to expire.

If the check box is selected, the total balance of accrual expires at the end of the day. Otherwise, accruals expire at the beginning of the day.

If the check box is selected, the total balance of accrual will expire, rather than running a balance for expirations.

Number of months after which the accruals will expire and transfer to another accrual.

Number of hours the employee must work in the prior anniversary year in order for the accruals to transfer.

Set unused accruals to expire at the start of the pay period.

Accrual Earning Type to expire.

If the check box is selected, the total balance of accrual expires at the end of the day. Otherwise, accruals expire at the beginning of the day.

Factor to apply to the earning, earning total dollars will be calculated as Hours X Rate X Factor.