Long Service Leave Liability Calculation for Monthly Accrual

The calculation rules for earnings LIAB LSLFTM and LIAB LSLPTM, the monthly full and part accruals, are Unit × Rate × Percent, where:

Unit = Formula LVL FM LSL MTHFTV and LVL FM LSL MTHPTV, respectively

Rate = Formula AUS FM DAYS TO MTH

Percent = Bracket LVL BR LIAB ATT

Formula LVL FM LSL MTHFTV calculates the units of leave that the payee has by adding the Long Service Leave entitlement balance (accumulator PSH LSLENTFT_BAL) to the Long Service Leave pro rata balance (accumulator PSH LSLPROFT_BAL) for the Full Time leave.

Formula LVL FM LSL MTHFTV and LVL FM LSL MTHPTV calculates the units of leave that the payee has by adding the Long Service Leave entitlement balance (accumulator PSH LSLENTPT_BAL) to the Long Service Leave pro rata balance (accumulator PSH LSLPROPT_BAL) for the Part Time leave.

Formula AUS FM DAYS TO MTH—the earning's rate—resolves to the payee's pay per month by multiplying his or her FTE (from the Job record) by the variable AUS VR MTHLY VAL (set to 30.00; that is, a month is thirty days) by the employee's daily rate.

The attrition rates bracket is the same as that used in the LSL weekly accrual.