Determining Retirement Eligibility

The Retirement Eligibility feature is unique in that it uses a calculated field value to add a flag to your Matrix Grid Reports for those employees who are eligible for retirement. It uses the date of birth and hire date in the data model for the calculation, so both of those standard elements must be defined and used for the calculation to work.

For the system to offer the Retirement Eligibility option, the Matrix Classifier XML configuration must include the retirement flag category. A sample code for the retirement flag is as follows:

123456
<Category id="retirementDate" name= "Eligible for Retirement">
 <Level id= "is retire">
   <RetirementEvaluator numberOfMonths= "0"/>
   <Icon title= "Ready to Retire" url= "/img/sm_icons/retire.gif"/>
 </Level>
 </Category>

To configure Retirement Eligibility for your Matrix Grid Reports:

1. To navigate to Matrix Grid Reports: Retirement Eligibility Settings, use Action Search.
2. Enter the Age at which you want to flag employees for retirement.
3. Select if you want the calculation to be made using Age OR Tenure, or Age AND Tenure.
4. Enter the Tenure in number of years the employee has been with the organization.
5. Choose Save.

For example, if you set the age year to 58, the tenure year to 30, and set the operator to OR, then any employees who are at least 58 years old or have been with the company for at least 30 years are flagged as eligible to retire.

Once you’ve set the application up to calculate Retirement Eligibility, you can assign an icon to be shown if an employee is eligible to retire. Details for adding the Retirement icon are included in the Configuring Icons in the Admin Center lesson.