LP03.1 – Service Rule

About LP03.1

Use Service Rule (LP03.1) to define the service begin date for each employee plan master record. The service begin date is the starting point from which length of service for accruals, allotment, and other calculations is obtained. **Processing Effect A waiting period on the service rule impacts the date from which length of service is determined. If you need a waiting period before accrual begins without affecting length of service, you can set the waiting period on Accrual Rule (LP03.2) instead of LP03.1. Waiting periods have a separate start date in case the length of service is to be started from one date (such as current seniority date) but thewaiting period is to be started from a different date (such as hire date). Forexample, a your organization's pay plan might specify that length of service starts on the employee's seniority date or 2 months after hire, whichever is later. A date flag is also available so that when a waiting period is applied from a date different than the requirement date, you can control whether theearlier or later of the resulting dates (requirement date OR waiting period start date + waiting period) is used to set the service begin date.

Updated files (2)

Referenced files (13)

Related forms

• LP03.2 Accrual Rule
• LP03.3 Eligibility Rule
• LP03.4 Limit Rule
• LP03.5 Payroll Rule
• LP03.6 General Ledger Rule

Program calls

Invoked programs (11)

ACAC, ACTA, API4, IFAC, IFCU, IFLU, IFOB, IFSG, IFUP, SLSE, SLSU