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BN57.1 - Vesting Hours
**Form Purpose
Use Vesting Hours (BN57.1) to track employee vesting hours for defined
contribution and defined benefit plans.
**Processing Effect
The Benefits application tracks vesting hours using the plan's vesting pay
class in the Vesting Compensation form tab of BN15.1 (Benefit Plan). The
application maintains vesting hours based on the Vesting From Date in Vesting
Compensation form tab in BN15.1 (Benefit Plan). PR199 (Payroll Close) updates
vesting hours of service beginning with the first payroll run after you begin
using the Benefit application.
BN57.1 tracks vesting hours for all employees, even if the employee is not
enrolled in a defined contribution or defined benefit plan. This lets plans
track vesting hours for employees before they enroll in a plan.
If the plan counts vesting for years before the plan start date, the Benefits
application assumes that the employee met the minimum vesting requirements for
each of those years. (You establish minimum vesting requirements when you set
up the defined contribution or defined benefit plan.)
**More Information
If an employee did not meet minimum vesting requirements for a year, you can
define the actual number of vesting hours for that year. If you define an
amount of hours for a year that is less than the minimum vesting requirement,
the application does not count that year.
Updated Files
CKPOINT - The Checkpoint file is the environment file used for recovery.
VESTHOURS - The Employee Vesting Hours file is accessed by this program.
Referenced Files
BNCOMPANY - The Benefit Company Parameters file is used to verify company
information.
EMPLOYEE - The Employee file is used to verify employees.
HRSECLEV - The Employee Security Level file is accessed by this program.
PAEMPLOYEE - The Employee PA Information file is used to verify employees.
PLAN - The Benefit Plan file is used to verify plan codes.
PRSYSTEM - The HR Company and Process Levels file is used to verify
company information.
VESTSCHDDT - The Benefit Plan Vesting Schedule file is used to access
vesting schedule detail.
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