What is 'Service Computation Date' in SAP PSM-FG - Functions for U.S. Federal Government?

Service Computation Date - Overview

• Component: PSM-FG

• Component Name: Functions for U.S. Federal Government

• Description: The date used to calculate various entitlements for U.S. Federal Government employees, such as leave or retirement. The U.S. Federal government has several service computation dates that are governed by various rules. These SCDs include: Reduction in Force RIF purposes Career tenure Length of service Retirement Thrift Savings Plan Law Enforcement Officer Senior Executive Service Special Retirement

Service Computation Date - Details

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  Key Concepts: 
  The Service Computation Date (SCD) is a component of the PSM-FG Functions for U.S. Federal Government. It is used to calculate the amount of time an employee has worked for a particular employer. The SCD is based on the employee's start date, end date, and any leave taken during that period. 
  
  How to use it: 
  The SCD is used to calculate the amount of time an employee has worked for a particular employer. To calculate the SCD, enter the employee's start date, end date, and any leave taken during that period into the system. The system will then calculate the SCD based on these inputs. 
  
  Tips & Tricks: 
  When entering the employee's start date, end date, and any leave taken during that period into the system, make sure to double-check all of the information to ensure accuracy. This will help ensure that the SCD calculation is accurate. 
  
  Related Information: 
  The SCD is part of a larger suite of tools available in PSM-FG Functions for U.S. Federal Government. These tools are designed to help employers manage their payroll and personnel processes more efficiently and accurately.