Create a plan type.

See: Defining Plan Types

Ensure you have Program/Plan years set up.

See: Defining a Program or Plan Year Period

Create the participant eligibility profiles you require for your pension plans.

See: Defining an Eligibility Profile

Advanced Benefits only: Check which life event reasons you will use to trigger enrollment in the pension plan.

See: Life Event Management

Create the pension plan, selecting the plan type, plan periods, and eligibility profile you already created. If you use Advanced Benefits, select the life event reasons to trigger enrollment or de-enrollment.

See: Defining a Benefits Plan

See: Defining Participant Eligibility Criteria for a Compensation Object

See: Associating a Life Event Reason With a Compensation Object

Define the plan enrollment requirements.

See: Defining an Enrollment Method for a Plan

Create standard rates for your pension plans, selecting the <BASE NAME> Pension Deduction element or <BASE NAME> Savings Deduction element .

See: Defining Activity Rates for a Standard Contribution/Distribution

Test your setup:

1. Enroll employees in the pension or savings scheme, using one of the following methods:

   • If you have set up a pension or savings plan, you enroll the employees in the plan using the Miscellaneous Plan window (for not-in-program plans) or Non-Flex Program window.

   • If you have associated life events with the plan, you can trigger an automatic enrollment opportunity by creating the life event (such as hiring the employee).

   • If you are not using a plan, you must enter the Pension Deduction element or the Savings Deduction element in the Element Entries window, or using BEE. For ABP pension schemes, you enter the ABP Pensions element.

2. If the scheme includes employer contributions, also enter the Employer Pension or Savings Contribution element.

3. Run a QuickPay for the employees and check the results.