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If your entity will use this rate breakdown only to calculate the accumulated amount of EoSB for employees with the selected employment contract type, select the Use for Provision Calculation Only option. You need to clear the check box for this option if your entity will use this rate breakdown for calculation of the benefit amount to be paid to an employee with this contract type on service termination of the type selected in the Termination Type field.
The Start Calculation After (Months) field is required only if the Use for Provision Calculation Only option is selected. You can use the field to enter the number of months after employment start (N) during which the accumulated benefit amount (provision amount ) is not calculated for employees because if employees worked less than N months, these employees are not entitled to the benefit. However, in the employment month next to the specified in this field (, that is, (N+1), the accrued amount will be calculated as follows:
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Otherwise, if the check box for the Use Interval-Specific Rate for Each Interval option is cleared, a single rate for all months of service will be used – the rate from (number of paid days per year) from the interval corresponding to the current length of service. For example, if an employee quits after 65 months of service, according to the data on the above screenshot, the rate of 21 paid days per year will be applied to all 65 months of service, that is, the total pay will be calculated (in paid days) as follows:
65*21/12=113.75.
Click the Save button to save the new record or the Save and close button to save the record and close the form.
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