Pension Plan Setup
You need to complete only two pages to create a basic pension plan. However, for contributory plans where PeopleSoft HR: Manage Base Benefits or PeopleSoft Payroll for North America calculates the deductions, there are additional steps.
Use the Benefit Plan Table page to add the plan and the Pension Plan Table page to add pension-specific information about the plan.
To establishing deduction processing for contributory plans you must:
Ensure there is a unique plan type.
If you have more than six contributory plans, you need to add additional plan types to the translate table.
Create a deduction code for each contributory plan.
Set up the basic pension plan data.
Add the plan to a benefit program.