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If you accessed the Retirement Program Details window from a Benefits window or tab, start at Step 2. |
1. If you accessed the Retirement Program Details window from an activity center
a. Enter or search for the employee's ID Number.
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To quickly search for an employee, right-click from the ID Number column and select Advanced Search. The Name Search window appears where you can search for applicants by first, last, or preferred name as well as e-mail address and state. |
b. Select
the employee's Benefit Code.
The Retirement Program Code
appears automatically.
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The Benefit Code drop-down list displays only those retirement programs to which this employee is already assigned. |
2. Review or update any applicable information for the employee:
· Benefit Eligibility Date - Enter or select the date the employee became or will be eligible for the retirement program.
· Benefit Election Date - Enter or select the date the employee began or will begin the retirement program.
· Benefit Vested? - Select if the employee has met the vesting requirements for the benefit.
· Benefit Vested as of Date - Enter or select the date the employee became or will be vested in the retirement program.
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If you enter a date here, the Benefit Vested? checkbox is automatically selected. You can deselect the checkbox if necessary (the employee is not vested yet). |
· Last Day of Covered Employment - Enter or select the last day the employee is eligible for the retirement program.
· Benefit Termination Reason - Select the reason the employee is no longer eligible for the retirement program.
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A selection is required if you entered a date for Last Day of Covered Employment. |
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These drop-down list options are maintained using the Retirement Benefit Termination Reason Definition window. |
· Number of Paid Days Final Month - Enter the number of days for which the employee will be paid during his or her final month of employment.
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If you enter more days than exist in the month you entered for Last Day of Covered Employment, an error message appears. |
· Projected Annualized Salary - Enter the employee's annualized salary.
· Final Payroll Date - Enter the employee's final payroll date.
· No Further Contract Exists - Select if the employee is not under contract for a different retirement benefit eligible position in your organization.
3. Save.