Wednesday, 10 October 2012

Points to remember on PeopleSoft Benefits

With the HRMS Base Benefits business process you can:

·         Define the tables that will be used to build your benefit programs.
·         Manually enroll employees and dependents into a benefit program.
·         Perform nondiscrimination testing to determine whether or not your U.S. organization is in compliance with government regulations.
·         Print HIPPA reports.
·         Track and manage FMLA requests.
·         Calculate accrued leave awards and maintain employee leave balances.
·         Manage 403(b) savings plans.
·         Manage vacation buy and sell programs.
·         Administer COBRA coverage for qualified participants and their dependents.
·         Process retroactive benefits and deduction.
·         Send enrollment data to third-party administrators.
 Difference between BaseBenefits and Ben Adminstration:  
  Base Benefits will give you the ability to perform the following functions:
      Base Benefits provides you with the tools you need to manage your employee benefit programs. It enables you to set up your basic benefits system architecture and manually enroll employees and their dependents into the benefits system. This comprehensive benefits management solution supports a full range of benefit programs and plans, and provides you with everything you need to maintain your benefit records and to respond to inquiries from decision makers, managers, and other employees.

With the Base Benefits business process, you can:
• Define the tables you need to build your benefit programs.
• Manually enroll employees and dependents into benefit programs.
• Print HIPAA (Health Insurance Portability and Accountability Act) reports.
• Track and manage FMLA (Family Medical Leave Act) requests.
• Calculate accrued leave awards and maintain employee leave balances.
• Manage qualified savings plans and pension plans.
• Manage vacation buy and sell programs.
• Administer COBRA (Consolidated Omnibus Budget Reconciliation Act) coverage for qualified participants
and their dependents.
• Process retroactive benefits and deductions.
• Send enrollment data to third-party administrators.
• Send FEHB (federal employee health benefits) data to the OPM (Office of Personnel Management).


BenefitAdminstration: 

Benefits Administration is a separate add-on to Base Benefits. With it, you can perfrom the following additional functions:

When you build on PeopleSoft Enterprise Human Resources Base Benefits by adding PeopleSoft Enterprise
Benefits Administration, you can:
• Automate eligibility checking and respond to Human Resource events that might impact benefits enrollment,
based on your eligibility and event rules.
• Administer multiple, simultaneous plan years, according to enrollment rules that you define.
• Calculate benefit costs and coverage amounts independent of PeopleSoft Enterprise Payroll for North
America.
• Define and process a variety of flexible credits, both general and plan-based.
• For federal users, administer multiple, simultaneous open seasons for different benefit plan types.

• Establish the foundation for implementing self-service enrollment using PeopleSoft Enterprise eBenefits.
• Define flexible spending account (FSA) information for employees.
• Process healthcare and dependent care FSA claims.
• Track and view claim and payment data.
Tables:


PS_VENDOR
PS_BENEF_COMMENT
PS_BN_RATE_TBL*
PS_DEPENDENT_BENEF
PS_BN_RATE_DATA*
PS_DEPENDENT_BENEF
PS_CALC_RULES_TBL
PS_DEP_BEN_EFF
PS_COVRG_CD_TBL
PS_DEP_BENEF_VW 
PS_DEDUCTION_TBL,
PS_DEP_BEN_ADDR
PS_BENEF_PLAN_TBL
PS_BEN_NAME
PS_BEN_DEFN_PGM
PS_DEP_BENEF_NID
PS_BEN_PROG_PARTIC
PS_DEPENDENT_PHONE
PS_BENEFIT_PARTICl
PS_HEALTH_PLAN_TBL
PS_BENEF_COMMENT
PS_HEALTH_PLAN_VW
PS_HEALTH_PLAN_LNG
PS_HEALTH_BENEFIT

* From 8.9 RateTables (age , salary,flatrate,svcrate ..) are consolidated into two tables as above.





Be updated for the updates coming soon....:)


 


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