Siebel Finance Guide > Managing Group Pensions >

Defining Group Pension Products

Before end users create an actual group pension plan, the product administrator must first define a group pension product and specify investment options for plan participants.

To define a group pension product

  1. Navigate to the Administration - Product screen > Products view.
  2. Click the New and Release button and do the following:
    • In the Name field, enter a name for this group pension product.
    • In the Finance Product Type field, select Retirement from the drop down list.
    • In Products form, select Pension from the Sub Type drop down list.
  3. Drill down on the name, and on the link bar, click the Group Pensions Product Administration.
  4. In the Funding Vehicles list, create a new record and complete the fields.

To define funding vehicles for a group pension product

  1. Navigate to the Group Pensions screen > Group Pensions Administration List view.
  2. In the Product list, select a group pension product.
  3. In the Funding Vehicles list, add a record, and complete the necessary fields.
  4. In the Name field, select the funds and investments available on this plan.
  5. In the Effective Date field, specify the date this plan will become available within the system.

Once users have defined a group pension product and funding vehicles, the next step is to create a group pension plan for an account (see Defining Group Pension Plans).

Siebel Finance Guide