From the table on page 1, use the benefit rate for the applicable eclass. For this particular employee, the benefit encumbrance rate is 43% for eclass Applying this rate to the Salary encumbrances will “SF”. provide you with the benefit encumbrance. The following table reflects the benefit encumbrance for 5 increments of longevity = 9% longevity Karol T Aston 4M1234 Salary Encumbrance Benefit Encumbrance July-June July-June Monthly long Rate with # Benefit Base Monthly Rate incr Long mos. Yrly Enc. Benefit Percent Encumb 3556.19 1.09 3,876.25 3 11,628.74 0.43 4,767.78 3684.22 1.09 4,015.80 9 36,142.20 0.43 14,818.31.8 47,770.94 19,586.09 This amount should tie to the Encumbrance” amount listed in NBAJOBS on the Job” tab. “Benefit “Base With the new RECASTING” functionality, the amounts in the NBAJOBS Base Job tab “ENCUMBRANCE record will remain unchanged for the fiscal year unless a rate of pay is changed. NBAJOBS, Base Job tab For monthly liquidations, you would recalculate the benefit encumbrance based on the number of months left in a fiscal year. The following example has liquidated the month of July leaving the months of August through June to be encumbered. The balance of August through July would be calculated per the following table. 5 increments of longevity = 9% longevity Karol T Aston 4M1234 Salary Encumbrance Benefit Encumbrance Aug-June July-June Monthly long Rate with # Benefit Base Monthly Rate incr Long mos. Yrly Enc. Benefit Percent Encumb 3556.19 1.09 3,876.25 2 7,752.49 0.43 3,178.52 3684.22 1.09 4,015.80 9 36,142.20 0.43 14,818.31.8 43,894.69 17,996.82
From the table on page 1, use the benefit rate for the applicable eclass. For this particular employee, the benefit encumbrance rate is 43% for eclass “SF”. Applying this rate to the Salary encumbrances will provide you with the benefit encumbrance. The following table reflects the benefit encumbrance for Karol T Aston 5 increments of longevity = 9% longevity 4M1234 Salary Encumbrance July-June Benefit Encumbrance July-June Base Monthly Rate long incr Monthly Rate with Long # mos. Yrly Enc. Benefit Percent Benefit Encumb 3556.19 1.09 3,876.25 3 11,628.74 0.43 4,767.78 3684.22 1.09 4,015.80 9 36,142.20 0.43 14,818.31.8 47,770.94 19,586.09 This amount should tie to the “Benefit Encumbrance” amount listed in NBAJOBS on the “Base Job” tab. With the new “ENCUMBRANCE RECASTING” functionality, the amounts in the NBAJOBS Base Job tab record will remain unchanged for the fiscal year unless a rate of pay is changed. NBAJOBS, Base Job tab For monthly liquidations, you would recalculate the benefit encumbrance based on the number of months left in a fiscal year. The following example has liquidated the month of July leaving the months of August through June to be encumbered. The balance of August through July would be calculated per the following table. Karol T Aston 5 increments of longevity = 9% longevity 4M1234 Salary Encumbrance Aug-June Benefit Encumbrance July-June Base Monthly Rate long incr Monthly Rate with Long # mos. Yrly Enc. Benefit Percent Benefit Encumb 3556.19 1.09 3,876.25 2 7,752.49 0.43 3,178.52 3684.22 1.09 4,015.80 9 36,142.20 0.43 14,818.31.8 43,894.69 17,996.82