Understanding Contributory Plans

Contributory plans require employees to contribute a specified portion of their wages to help fund their pension benefits. In this section, you look at some of the administrative tasks necessary for collecting, tracking, and administering employee contributions.

If you sponsor contributory plans, you can use the PeopleSoft HCM system to deduct employees' pension contributions from their paychecks. The Pension Administration standalone configuration does not support payroll deduction processing.