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Calculating the End of Service Benefit Policy
Name of Policy
Calculating the End of Service Benefit Policy
Policy Number
IV. A-21
Owners
Financial Affairs
Original Policy Date
05/10/2017
Cosigners
_______________________
Last Revised Date
_______________________
Other Related Regulatory Rules Laws & Policies Next Scheduled review Date
_______________________
Associated Procedures & Forms (Attachments)
_______________________
Versioning
_______________________
Cycle of Reviews
_______________________

Purpose

To clarify the components of total monthly pay that forms the basis for calculating the end of service benefits.


Statement

The total monthly pay upon which the end of service is to be calculated includes:

-       The basic monthly salary

-       The transportation allowance

-       The housing allowance

-        The food allowance paid to some workers only.