Benefits Service Date definition
Benefits Service Date means an Eligible Employee’s “Benefits Service Date” under the 401(k) Plan. Benefits Service Date was previously referred to as Program Eligibility Date.
Benefits Service Date shall be defined as, the most recent date of hire into a regular position, as 8 backdated for any prior eligible service that ended no more than two years before reemployment, or 9 other time period required by law. The Benefits Service Date is adjusted for unpaid leaves of 10 absence, excluding unpaid family leave, that exceed 30 calendar days. In this context, eligible 11 service means employment in a regular position; however, if an employee moves from a term-limited 12 temporary position into a regular position with no break in service, employment in the term-limited 13 temporary position will be included when establishing the Benefits Service Date.
Benefits Service Date means the field in Workday that determines when an employee is eligible for benefits. The field also calculates cumulated service for the purposes of longevity and retirement.
Examples of Benefits Service Date in a sentence
A Benefits Service Date will be used to track an employee’s anniversary “service date” for eligibility, and all time on the District’s payroll as an employee (including “non-PERSable” time, such as working as a Student Intern, or as a Recurrent employee) will be counted towards the five years.
Moreover, breaks in service, regardless of length, will be adjusted for under the Benefits Service Date to track all time worked.
Moreover, any breaks in service, regardless of length, will be accounted for by adjusting the Benefits Service Date to track all time worked.