Set Up Pension Schemes

To use this feature, set up the pensions schemes in the Payroll work area and not in Benefits. The employee can access this feature from their My Benefits page.

Set up the pensions scheme and the rates at the legal employer level, for individual schemes and link to eligibility profile. No changes are required in the Pension Element template.

Navigation:

Enterprise > Setup and Maintenance > Legal Structures > Manage Legal Entity HCM Information

1. On the legal entities page, select Pension Schemes .
2. Add all the relevant pensions schemes for your organization. You need to add one row for each pensions scheme with all the required details.
   Important: You need to set up the pension scheme information for each legal employer.
3. On the Legal Employer tab, select Pensions and Benefits Information. You can enable either single scheme or multiple scheme enrolments.
4. Select Enable single scheme enrolment, which is also the default value.
5. Select Enable association when employee self-enrols . This lets the application associate the assignment in the Benefits and Pensions calculation card. If you don't select this option, the application uses the default roles defined for the TRU for automatic card creation.
6. Save your changes.
7. You can use the existing eligibility profiles.
   • Link the profile with the rate provided on the pension scheme page, for each row you create.
   • Use the attribute Scheme Eligibility ID and select the relevant eligibility from the list of values. If no eligibility profiles are available, you need to set them up.