Siebel Insurance provides support for group pensions and is designed to meet the needs of sales and service professionals, managers, and pension administrators. Using the Group Pensions screen, end users can manage private group pensions, including defined contribution plans, such as 401(k) plans and occupational group pensions, and defined benefit plans.

Using the procedures given in this chapter, users can define group pension plans, plan classes, plan eligibility rules, and plan funding vehicles. Once a group pension plan is defined, users can track eligible and enrolled participants, participant contribution and investment allocations, and participant beneficiary information.

You can save time and reduce keystrokes by using a workflow to automate steps that are repeatedly performed by end users. For more information, see Siebel Business Process Designer Administration Guide.