Setting Up Plan Administration Data
To administer plans, use the Identify Plan Admin Info (PLANADM) and the Define Activity Lists (ACTIVITY) components.
This topic provides an overview of retiree jobs and retiree companies, an overview of activity lists, and information about how to set up plan administration information.
|
Page Name |
Definition Name |
Usage |
|---|---|---|
|
PA_PLAN_ADMIN |
Supply basic administrative information. |
|
|
PA_PLAN_ADMIN_FUND |
Enter funding provider and company information to identify the retiree company associated with a plan and the valid funding providers for the plan. |
|
|
PA_RT_ACTIVITY |
Create activity lists for different types of events in the lives of plan participants. |
Pension Administration tracks pension payees through retiree "jobs" that are separate from and concurrent with employees' active employment jobs. These retiree jobs must be associated with specific retiree companies.
It is important to use the appropriate company for each plan so that you can link the payee's tax elections, which are entered by company in PeopleSoft payroll pages, with the payments from that plan.
You establish one retiree company for each plan you sponsor. When a pension payee receives benefits from multiple plans, you create multiple retiree jobs for the person and associate each job with a different company. This enables pension payees to have different tax elections for each plan that provides a benefit.
Events in the lives of employees and payees are frequently triggers for various administrative tasks. You need to perform specific tasks when an employee retires, when a retiree dies, when you start payments to a beneficiary, and for many other occasions.
You can create activity lists to help you monitor these events. You can create lists for different types of event processing, such as terminations, retirements, and deaths. You can also set up lists for different types of plan participants: retirees, beneficiaries, and qualified domestic relations order (QDRO) alternate payees.
For example, you might set up a retirement activity list that includes the tasks (activities) that you must perform when a person retires. When a specific employee retires, you create a checklist for that employee by copying the standard retirement checklist.
Use the Plan Administration page (PA_PLAN_ADMIN) to supply basic administrative information.
Navigation
Image: Plan Administration page
This example illustrates the fields and controls on the Plan Administration page.
Use the Funding Provider and Company page (PA_PLAN_ADMIN_FUND) to enter funding provider and company information to identify the retiree company associated with a plan and the valid funding providers for the plan.
Navigation
Image: Funding Provider and Company page
This example illustrates the fields and controls on the Funding Provider and Company page.
|
Field or Control |
Definition |
|---|---|
| SetID and Vendor ID |
Enter IDs for the funding provider. Only providers included on this page are valid providers when you schedule payments for a pension payee. |
| Domiciling Company |
Enter the retiree company associated with the plan. This is the company—from the Company table—to which you assign payees who receive benefits from this plan. Only companies included here are valid when you create a retiree job. |
Use the Define Activity Lists page (PA_RT_ACTIVITY) to create activity lists for different types of events in the lives of plan participants.
Navigation
Image: Define Activity Lists page
This example illustrates the fields and controls on the Define Activity Lists page.
|
Field or Control |
Definition |
|---|---|
| Activity Code |
Enter the code of the activity to add to the list. |