Pension Menu Group

There are several menus in the Pension menu group:

• Pension Information

• Periodic Processes

• Calculations

• Review Calculations

• Payments

• Domestic Relations Order

• Update Regulatory Information

• Define Calculation Tables

• Reports

Each menu is discussed in detail here.

Pension Information

On the Pension Information menu, you can:

• View and maintain employee pension-related data, including data related to employee contributions.

• Track pension-related activities and communications.

• Administer information about payees, such as adjusting payment amounts, applying cost of living adjustments, and responding to the death of a payee.

Periodic Processes

You use the Periodic Processes menu to administer ongoing measurements for service, earnings, and contributions for a payee.

Calculations

Use the Calculations menu to generate pension benefit amounts. You can:

• Create calculations group lists.

• Run calculations.

• Produce calculation worksheets.

Review Calculations

On the Review Calculations menu, you can look at different calculation results. It contains view-only pages.

Payments

The Payments menu contains pages where you create payees and process payments for active retirees. This includes pages where you can identify and schedule pension payments and produce the trustee extract.

Domestic Relations Order

The Domestic Relations Order menu contains pages where you track QDRO-related information.

Update Regulatory Information

The Update Regulatory Information menu contains pages where you can maintain employee-specific regulatory information, such as historical 415(e) limits and social security earnings.

Define Calculation Tables

The Define Calculation Tables menu is a duplicate of the Calculation Tables menu under Set Up HCM. You can define your calculation tables under either the Set Up HCM menu or the Pension menu.

Reports

The Reports menu contains pages where you can set up information to run pension reports.