How is the calculation of part-time credited days done?
The calculation of days credited for part-time work must be known, both by workers who attend the company that has hired them to work Monday to Friday, but with reduced hours; and by those who work fewer days a week but a full working day.
So, in either case, the calculations to be performed would be as follows:
- Part-time position seniority. It is necessary to know the period in which the employee has provided services to the company in this way, on the basis of a part-time contract.
- Percentage of bias. It is important to determine this coefficient, which reveals the percentage of an employee's working day duration compared to a full working day (which would be 100%%).
- Days effectively paid into the scheme. It's time to find out how many there are, and to do that, I would apply the coefficient to the Peak period with a part-time contract. Care must be taken to check the date on which the part-time worker commences their services, as it is possible that, up until that point, for some reason they may have previously worked for the organisation on a full-time basis, even in the same role. As a result of the calculation of part-time days credited, a figure is obtained that must be used for the next operation.
- Countable contribution days. With the number resulting from the calculation of part-time contribution days previously, it is necessary to check if the worker has also contributed on a full-time basis.. Should you provide services in both capacities, the resulting part-time factor would need to be added to the days contributed on a full-time basis. The outcome of this operation is the total credited contribution days.
- Percentage of days contributed during working life. It is one of the most important moments in the calculation of part-time contributed days as you are about to discover the number of days worked, the number of days that have been credited as worked throughout the employee's entire working life. This is known as the overall part-time coefficient.
- Minimum required contribution period. This decision removes any doubt as to whether the worker will be eligible for benefits. For this calculation, it is necessary to apply the overall part-time working coefficient to the period generally regulated. This way, the calculation of part-time contributions is completed and provides clarity on the worker's future regarding Social Security benefits.
Just as with all accounts drawn up in the company, in this case, attention to detail and proper management benefit the calculations, minimising errors and avoiding delays in the process.
