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Benefit Accruals

Calculating benefit accruals generally requires a considerable amount of effort. Most payroll systems don't even try to calculate accruals, and the ones that do attempt it don't do a good job of it. Millennium's built-in benefit calculator can be configured by a Pinnacle support person and used automatically. With the Millennium benefit calculator, an accrual balance report is made available with each payroll, and accrual processing becomes an automated process requiring little intervention.

The accrual engine within Millennium provides the following advanced features
Defining start, end and adjusted length of service dates
Define a benefit to accrue hours or dollars, on a flexible processing frequency
Full override capability, including hours, dollars and rate of accrual
Track total benefit hours/dollars accrued and total benefit hours/dollars taken
Track available accrual balance (updated with each payroll as needed)