The new service credit calculation for part-time employees will be in effect for service performed July 1, 2019, and after. A new version of the Service Credit Decision Tree (Effective July 1, 2019) is available reflecting the changes in specific calculations. The online service credit calculator has also been updated to reflect the change in calculation for the 2019–2020 fiscal year.
Keep in mind, if you use state software or any other type of software to calculate service credit, it is your responsibility to ensure the calculation is correct for service performed on and after July 1, 2019. Also, you should not use the new calculation for the 2018–2019 annual report.
Live webinars will be offered on Aug. 21 and 23 to assist you with calculating service credit using the “days method.” We will explain the new service credit rule, provide examples and help you locate the web resources available as you calculate service credit for retiring members. Registration begins on Aug. 14.
If you have any questions, please contact the Employer Reporting Department toll-free at 888‑535‑4050 or email [email protected].