Module Integration (PeopleSoft Pension Administration) 

Graph numbers correspond to the following process descriptions

1.   Employment history is recorded in order to build a pension history that includes when a plan participant is plan eligible, vested, and benefit eligible.

2.   Payroll history is built and consolidated in order to record earnings, hours, and contributions.

3.   The pension module combines the data from the HRMS and Payroll modules and uses the data for benefit estimates, benefit statements, and the final benefit calculation all based upon table driven rules configured by PSPension.

4.   Benefit calculation data is used to build a pension payment management system. The Trustee Extract produces a file useable by third party benefit payment resources or a custom process may be designed.

5.   (Optional use) Retirement plans that include benefits for retirees may require the use of the Benefit Administration module. If this is the case and retirees are treated the same as active employees, then all of the life events must be dealt with in the retiree payment process.

6.   (Optional use) The Payroll Interface is used to calculate benefit premiums and other deductions such as a tax lien.

7.   (Optional use) Again, the trustee extract consolidates all of the benefit payments, tax elements, benefit deductions and creates a file used by the pension payroll vendor.

8.   The trustee extract is used to communicate the monthly or more frequent pension benefit payments to the pension payroll vendor. Lump sum payments may be sent more frequently. Plus, retrospective payments and adjustments are included within the trustee extract file.