Pension Administration Overview

Pension Administration supports a range of functions necessary for day-to-day and periodic pension administration requirements. It is designed specifically for U.S. defined benefit plans, including qualified and nonqualified, contributory, final pay, career average, and cash balance plans. The system supports the administration of multiple plans, both active and frozen.

The system calculates benefits based on employee data stored in PeopleSoft HCM tables—notably, the employee job record.

The system assumes that a third-party trustee determines tax withholding and calculates and prints the final pension checks. A trustee extract provides the trustee with the necessary payment information.