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July
24th 2006 |
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Credited Service
Compensated |
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(slight tweak from
IUE-798's table) |
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Compensated Hours: |
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Month it might |
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Years of Credited Service - |
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be obtained: |
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in Tenths: |
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Based
on a 40 hr week schedule |
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0 but less than 85 hrs |
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.0 |
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85 but less than |
255 |
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(Jan 22 - 120 hrs) |
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.1 |
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255 but less than |
425 |
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(Feb 19 - 280 hrs) |
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.2 |
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425 but less than |
595 |
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(Mar 19 - 440 hrs) |
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.3 |
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595 but less than |
765 |
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(April 16 - 600 hrs) |
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.4 |
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765 but less than |
935 |
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(May 21 - 800 hrs) |
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.5 |
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935 but less than |
1105 |
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(June 18 - 960 hrs) |
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.6 |
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1105 but less than |
1275 |
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(July 16 - 1120 hrs) |
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.7 |
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1275 but less than |
1445 |
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(Aug 13 - 1280 hrs) |
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.8 |
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1445 but less than |
1615 |
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(Sept 17 - 1480 hrs) |
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.9 |
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1615 and Over |
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(Oct 15th - 1640 hrs) |
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1.0 |
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Conversion Table: |
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Number of Months -- |
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1 |
2 |
4 |
5 |
6 |
7 |
8 |
10 |
11 |
12 |
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Equivalent Tenths -- |
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.1 |
.2 |
.3 |
.4 |
.5 |
.6 |
.7 |
.8 |
.9 |
1.0 |
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Based on Compensated
hours, 1700 hours equals a full year. |
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(slight problem as that
1700 hrs conflicts with only needing 1615 from above table, not sure how to
resolve it) |
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You can only acquire 1
year of Credited Service per year! |
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Example -- At the end of
2005, I had 17.7 years of Credited Service. |
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After July 16th 2006,
this gave me .7 so far for this year. |
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Adding the 17.7 + .7
gives me 18.4 years as of July 16th '06. |
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If I work until after
Oct 15th 2006, this will give me 1.0 for the year.. |
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That's the most I can
get, which would be 18.7 years Credited Service. |
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(or Oct 29th which would
give me over 1720 hrs then) |
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