Versions Compared

Key

  • This line was added.
  • This line was removed.
  • Formatting was changed.

...

Table 2. Accrual of EoSB Amounts at month end

Also, documents of the End-of-Service Calculations type can be created manually by users and can include one or multiple employees with their benefit amounts. For manually created documents, the Manual Processing check box must be selected. The End-of-Service Calculations are dated by the last date of the month and list all the employees of an entity for which there are no any End-of-Service Calculation documents which are created manually (have the Manual Processing check box selected).

...

The end-of-service benefit is included in the final pay only if the Pay the End-of-Service Benefit check box is selected on the Employment Termination form.

On termination of the employment with the limited-term contract, the application calculates the final EoSB gratuity as follows with N as length of service in months and A as daily salary:

...

Length of -Service

Voluntarily

Fired

Less than 1 year

 

 

EoSB Rate
Formula

0
0

0
0

1 - 3 year

 

 

EoSB Rate
Formula

R1=7
A*N*(R1)/12

R1=21
A*N*(R1)/12

3 - 5 year

 

 

EoSB Rate
Formula

R2=14
A* 36*(R1)/12 + A*(N-36)*(R2)/12

R1=21
A*N*(R1)/12

Over 5 years

 

 

EoSB Rate
Formula

R3=21
A* 36*(R1)/12 + A*24*(R2)/12 +(N-60)*(R3)/12

30
A* 60*(R1)/12 + A*(N-60)*(R2)/12

Table4Table 4. EoSB Rates for unlimited-term contracts

...