Base Benefits stores information about the benefit plans
offered by a company, such as types of benefit plans, premium costs and
calculation rules pertaining to the plans.
Employee data specifies the plans chosen by an employee,
coverage selected by the employee, dependents and beneficiaries for each plan.
Base Benefits Features
·
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.
·
Send FEHB data to the OPM.
Components Supporting
Benefit Processing
·
Installation Table
·
Deduction Table
·
Earnings Program Table
·
Pay Group Table
Business Process –
Overview
Base Benefits – Process Flow
Plan Types
·
Defined as benefits offered to the employees.
·
Logical grouping of Benefits Plans
·
There are nine categories provided by PeopleSoft
Plan Types –
Classifications
·
Health Benefit Plans
·
Life Insurance Plans
·
Disability Plans
·
Saving Plans
·
Leave Plans
·
Flexible Spending Accounts Plans
·
Retirement Plans
·
Pension Plans
·
Vacation Buy /Sell Plan
Benefit Plans
·
A benefit plan is a specific benefit
offering within a plan type.
·
Benefit plan are defined based on the plan type
and the providers.
·
Associate details pertaining to each of these
plans.
·
Associate default deduction codes to the Benefit
plans.
Setting Up Benefit
Plans
Rate Tables
·
Calculates the cost of benefit
·
Classified into four types namely
o
Flat Rate Table
o
Age Graded Rate Table
o
Salary Rate Table
o
Service Rate Table
Flat Rate Table
·
Create rates that are based on a specific dollar
amount
i.e the employee
pays the same rate regardless of earnings, length of service, age, or gender.
Age Graded Rate Table
·
Define rates for a specified gender, age range,
and smoking habit.
·
The system calculates the employee portion of
the premium based on the total rate and employer portion.
Service Rate Table
·
Add rates that are based on length of service
Calculation Rules
Table
·
Defines how deductions are calculated for each
benefit plan.
·
Calculation rules apply to the premium and the
amount of coverage.
Benefit Program
Structure
·
A Benefit program is a collection of benefits
that are offered to a group of employees
·
An organization may have multiple benefit
programs if it offers different benefits to different groups of employees,
charge different premiums, or administer enrollment rules differently for
various employee groups.
Benefit Program –
Setup
·
Define basic benefit program information.
·
Associate plan types with a benefit program.
·
Link a benefit program and plan type to rate and
calculation rules.
·
Set up benefit programs that provide benefits to
nonqualified dependents.
