BN03.1 - Vesting Schedule
Use BN03.1 (Vesting Schedule) to define vesting schedules for defined
contribution and defined benefit plans. A vesting schedule is a table that
determines when a company's contributions become nonforfeitable to an
employee. You assign vesting schedules to plans in the Vesting Compensation
form tab in BN15.1 (Benefit Plan).
If you change a vesting table, the changes reflect immediately since vesting
calculates online in BN55.1 (CODA Account Balance), BN56.1 (Compensation
History), BN57.1 (Vesting Hours) and in report form in BN237 (Vesting
Listing).
Updated Files
CKPOINT - The Checkpoint file is the environment file used for recovery.
VESTSCHDDT - The Benefit Plan Vesting Schedule file is accessed by this
program.
VESTSCHDHD - The Vesting Schedule Detail file is accessed by this program.
Referenced Files
BNCOMPANY - The Benefit Company Parameters file is used to verify company
information.
PLAN - The Benefit Plan file is used to verify benefit plans.
PRSYSTEM - The HR Company and Process Levels file is used when payroll
run flags are updated for mid-year or mid-cycle flex changes.
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