Siebel Finance Guide > 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 Group Pensions screen > Group Pensions Administration List view.
2. In the Products list, add a record and complete the necessary fields.
3. In the Product Name field, enter a name for this group pension product.
4. In the Category field, select Pension.

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.