v7 FreeBalance Help

Overview

Use Retirement Benefit Management to define a collection of benefits that a government employee and the employee's beneficiaries are entitled to receive upon retirement. Once the employee has finalized one or more particular assignments as a civil servant, he or she may start the retirement process if he or she meets specific criteria related to the process. A civil servant can finalize one or more assignments on different retirement types. For example, a teacher can retire and then work under contract. Also, depending on the type of retirement requested from the employee, the benefits could be applicable or not applicable. Examples include death gratuity, end of contract gratuity, etc. The benefit plan can include specific benefits for employee's beneficiaries, whether the employee has been retired and is still alive or is recently deceased.

Objectives and Benefits

Employee Retirement Benefit Plan (for more information click here)

Use the Employee Retirement Benefit Plan to record information on the particulars of the retirement benefits for a particular employee and the information related to that particular employee's beneficiaries. The screen includes the date the benefit plan was created, as well as the date on which it was approved. Also, the Employee Retirement Benefit Plan illustrates the status of the benefit plan and distinguishes which benefit plan is being administered to that specific employee. There is also a space for approving officers to provide comments related to the Employee Retirement Benefit Plan of a specific employee, in order to improve the flow of information for other employees when viewing this screen. At the bottom of the screen, use the three tabs to add more information to the benefit plan in the forms of Attachments, Retirement Benefits, and Employee Beneficiaries. On the Retirement Benefits tab, the employee must have the full collection of retirement benefits listed, by default. However, the user will be able to add or delete Retirement Benefits manually for a specific employee. In terms of Employee Beneficiaries, if no employee beneficiaries are entered, the benefit plan will be applicable for the employee only.

Retirement Request (for more information click here)

Use the Retirement Request to record and monitor information related to the retirement request process. Information included on the screen are the file number of the request, the status of the request, the issue date, effective date, approved date, and calculation date of the request. Also included are the name of the employee requesting retirement, the type of retirement the employee is requesting, and the ranking officer requesting the retirement on the employee's behalf. Other calculations used during the request process and a space for users to provide comments with regards to the retirement request process can also be found on the screen. At the bottom of the screen, use the Attachments, Retirement Benefits, and Retirement Calculation Results tabs to add more information to the benefit plan.