Overview of Benefits and Pensions for the UK
The Benefits and Pensions calculation card stores information about the benefits and pension schemes an employee is enrolled into.
For the UK, the Benefits and Pensions card is an integral part of the Pensions Automatic Enrolment solution, as it records the qualifying pension scheme an employee has been enrolled in as the result of the Pension Automatic Enrolment process.
- By the Pensions Automatic Enrolment process: When an employee is found to be eligible for Pensions Automatic Enrolment by the Pensions Automatic Enrolment process, a Benefits and Pensions card is generated automatically, based on the default qualifying scheme.
- Created manually in the user interface by the Payroll Manager or Payroll Administrator.
There are cases where the Benefits and Pensions card may need to be created or updated in bulk:
During Data Migration:
- In order to process pension deductions accurately for those employees who are already enrolled in a pension scheme (whether qualifying or not), the pension contribution information needs to be brought forward to the Oracle Payroll Cloud.
Ongoing Bulk Updates:
- Bulk upload of pension rates: When employees are enrolled into a pension scheme (whether qualifying or not), employees may be allowed to choose the rate at which they want to contribute (either using Oracle Benefits or a third party). These rates are stored as an override on the employee Benefits and Pensions card and need to be updated to ensure the correct contribution is calculated (this is true for both employee and employer rate).
Considerations and Prerequisites
- One element must be created for each Pension scheme for which contributions need to be processed through the Oracle Payroll Cloud.
- Eligibility for those elements must also be created.
Benefits and Pensions Card Record Types
The Benefits and Pensions card is uploaded with HCM Data Loader using the Global Payroll Calculation Card business object. This generic object hierarchy provides record types to support the various country-specific requirements.
| Component | Functional Description | File Discriminator |
|---|---|---|
| Calculation Card | Defines the calculation card type and the employee assignment that it captures information for. | CalculationCard |
| Card Component | Used to group and segregate data required by the calculation card. The following sections describe the card components applicable to this calculation card and the child records that are required for each card component. | CardComponent |
| Component Detail | Provide a component detail record for each flexfield context required by each card component. | ComponentDetail |
| Calculation Value Definition | Allows the creation of value definitions so that overriding values can be specified on the card component. | CalculationValueDefinition |
| Enterable Calculation Value | Used to specify an overriding value for each calculation value definition. | EnterableCalculationValue |
| Card Association | Associates the calculation card with the Tax Reporting Unit the employee reports to. | CardAssociation |
| Card Association Detail | Associates card components with the employee’s assignments. | CardAssociationDetails |
Benefits and Pensions Calculation Card Hierarchy
The hierarchy of Calculation Card components applicable to Benefits and Pensions are described in this diagram:
The Benefits and Pension card component utilizes three flexfield contexts which are loaded using the Component Detail record type. There are a number of value definitions supported which are loaded using the Calculation Value Definition and Enterable Calculation Value record types.
Mapping Calculation card Components to the Responsive User Interface
The Pensions section of the Benefits and Pension calculation card shows:
- The name of the card component.
- All flexfield segments of the Component Details applicable to the pension type being viewed
- All value definitions applicable to the pension type being viewed.
- The card association assignments.