Create or modify a retirement benefit

You can add or modify a retirement benefit for an employee using the Retirement Benefits module.

Before you begin

Role required: sn_hr_core.basic or sn_hr_core.manager

About this task

Employees can ask questions about retirement benefits and request to enroll in a retirement benefit plan by submitting a request through the HR Service Portal. A retirement benefits case is opened and can be viewed and managed.

Procedure

  1. Navigate to HR Profile > Retirement Benefits.
  2. Click New to open a retirement benefit record.
  3. Complete the form. (The fields you see depend on how the form is configured and what fields are selected to display.)
    Table 1. HR Retirement Benefit form
    Field Description
    Plan The name of the insurance plan. Click the Lookup using list icon and select the plan for the employee.
    Employee The user who requested enrollment. Click the Lookup using list icon and select the user.
    Plan ID The identification number of the insurance plan.
    Provider The financial company that provides the retirement benefit. Fills in when the plan is selected.
    Plan type The type of retirement plan selected.
    Coverage type Enter the coverage type of the plan. An example is Family Coverage or Individual Plan.

    Not all retirement plans have coverage type.

    Start date Date when the benefit is active for the employee and beneficiaries.
    End date Date when the benefit is no longer active for the employee and beneficiaries.
    Employee contribution percent Percentage deducted from the employee paycheck toward the benefit.
  4. Click Submit.
    The retirement benefit is listed in the HR Retirement Benefits list.
  5. To modify retirement benefit data, find the existing retirement benefit in the HR Retirement Benefits list.
    You can use the list search menu by typing the employee name and pressing Enter.
  6. Click the retirement benefit to open the form.
    The HR Retirement Benefits form opens displaying benefit name and other populated fields.
  7. Modify the form.
  8. Click Update.