Overview
The Accumulated Benefits option gives the user the possibility to transfer Accumulated Benefits at the end of the fiscal year to the following year or to generate Accumulated Benefits Entitlement the selected criteria. In general Accumulated Benefits Entitlement occurs when the benefits is due. Two man scenarios where this process will be used are:
1. Transfer remaining balance of Accumulated Benefits to the new fiscal year and/or
2. When accumulated benefits, for e.g vacation are not accumulated on a monthly basis but instead the employees are given on entitlement on an annual basis.
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Human Resourse ► Support Entities ► Accumulated Benefit Management ► Accumulated Benefit Entitlement
The Accumulated Benefit Process screen includes the following fields:
| Fields | Description |
| Accumulated Benefit Process | Defines which option to choose for the process (ex. transfer, payment, reset, etc.) |
| Fiscal Year | The period of each fiscal year |
| Pay Code | Unique pay Code ID generated by the system |
| Pay Period | Collection of 1 to many pay periods |
| Institution | The organization responsible for the employee |
| Generic Position | Generic Position associated to the Employee Position |
| Employee | Employee Unique Identification Code |
| From Employee Assignment | Represents the employee assignment that the benefit is being transferred from |
| To Employee Assignment | Represents the employee assignment that the benefit is being transferred to |
| From Accumulated Benefit | Represents the old accumulated benefit information |
| To Accumulated Benefit | Represents the new accumulated benefit information |