Learn about the new Oracle AI Agent Studio for Fusion Applications: Watch Now
Progress with Redwood: Redwood Resources for Oracle Cloud HCM - Go Here
Progress with Redwood: Redwood Resources for Oracle Cloud HCM - Go Here
To ensure that questions get required attention from community members and are NOT left unanswered, it’s important for the author to indicate (by selecting “Yes” or “No” when prompted) whether the question was answered. (newly added) Please note that it is also important to respond to EACH comment your question receives. Your Yes or No response ensures an accurate status for your question.
For more information, please refer to this announcement explaining best practices for getting answers to questions.
For more information, please refer to this announcement explaining best practices for getting answers to questions.
Vesting rule needed in accrual plan every five years
Summary:
Vesting rule needed in accrual plan every five years
Content (required):
Hi!!
The customer has the below requirement.
The accrual plan is incremental. Accrual will start from the enrolment date, but employee should not be able to use the balance until completion of 10 years with the employer. On completion of 10 years, the balance should be available. Then again, accrual should continue but it should be locked for use for next 5 years. At the end of 5 years, the balance should be available for use to the employee.
So vesting has to happen initially for 10 years and then for every 5 years until employee attains a length of service = 50
Tagged:
0