Thursday Sep 25, 2014

Legislative Update for PeopleSoft HCM on the Affordable Care Act

The "Patient Protection and Affordable Care Act" (PPACA) (P.L. 111-148) and the "Health Care and Education Reconciliation Act of 2010" (H.R. 4872) were signed into law March of 2010. This legislation continues to evolve with new or revised requirements. The Oracle PeopleSoft team continues to monitor this legislation and the impacts it has on the PeopleSoft Benefits and Payroll for North America products. We have revised Position Statement on September 24, 2014 to include any new information we have obtained since the last posting. We encourage you to review the latest Statement to keep up to date.

Wednesday Sep 03, 2014

Legislative update for PeopleSoft Benefits - Affordable Care Act and Flexible Spending Accounts

PeopleSoft Benefits is pleased to announce we have recently delivered some new functionality to assist with your legislative needs. This new functionality includes changes to the FSA (Flexible Spending Account) process to allow carryover amounts as well as some new functionality to assist with the Affordable Care Act Employer Shared Responsibility requirement.  Additional information for the new functionality can be found on My Oracle Support.  To obtain additional information on the new FSA carryover process please see Document ID 1916754.1.  To locate information on the Affordable Care Act please see Document ID 1919696.1.  PeopleSoft has scheduled a live Advisor Webcast for Thursday, September 11, 2014 10:00 AM (PST) to review the new functionality.  We hope you are able to attend.

Monday Nov 11, 2013

PeopleSoft HCM - Defense of Marriage Act (DOMA)

On June 26, 2013 the U.S. Supreme Court declared Section 3 of DOMA, which denied federal recognition of same-sex marriages, unconstitutional. However, this left in place Section 2, which allowed states to refuse to recognize same-sex marriages performed in other states. Then on August 29, 2013 IRS issued ruling IR-2013-72 which stated same-sex couples, legally married in a jurisdiction that recognizes their marriage will be treated as married for federal purposes. The ruling applies regardless of whether the couple lives in a jurisdiction that recognizes same-sex marriage or a jurisdiction that does not recognize same-sex marriage. PeopleSoft has already delivered some functionality related to this change. PeopleSoft Benefits and Payroll for North America plan on delivering additional functionality which will make your processing and compliance with this law even easier. We have revised the PeopleSoft Position Paper include any new information we have obtained since the last posting on My Oracle Support, Document ID 1586141.1.  We encourage you to review the latest Statement to keep up to date. 

Friday Sep 16, 2011

Pennsylvania Act 32 Legislative Update

Do you pay employees in Pennsylvania? If so, the Oracle/PeopleSoft Payroll for North America team would like to bring to your attention new legislation, called Pennsylvania Act 32 of 2008. Pennsylvania Act 32 provides for a restructuring of the local Earned Income Tax (EIT) collection system for Pennsylvania local governments and school districts, and was signed into law on July 2, 2008. Act 32 provides for one EIT tax collector for each county (with the exception of Allegheny County and Philadelphia). This change will reduce the number of local EIT collectors from 560 to 69. The law requires employers to withhold EIT from residents and non-residents to remit all withholdings within 30 days of the end of each quarter, or in some cases monthly. Businesses with multiple locations across the state will now be allowed to remit to the county where they are headquartered. 

This Act imposes new tasks and responsibilities on Pennsylvania employers for the calculation and withholding of Pennsylvania local earned income tax. For more detailed information on this law please go to the Pennsylvania website of the Pennsylvania Department of Community and Economic Development.

Statewide implementation of Act 32 begins with wages paid on or after January 1, 2012. However, three Pennsylvania counties have announced that they will require employers to begin complying with Act 32 requirements in 2011:

  • Chester County
  • Lebanon County
  • Wyoming County

In May 2011, PeopleSoft delivered product updates to assist employers in Chester, Lebanon and Wyoming counties. These changes are being posted in Tax Update 11-C. 

My Oracle Support Document ID 1087164.1 provides complete information on the product update information for the early adopter counties (Chester, Lebanon and Wyoming). We will be versioning this document to provide additional information for the remaining counties as the details become available. If this information is applicable to your organization, please bookmark this page.

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This blog is dedicated to topics focused on legislative updates to PeopleSoft Applications including Human Capital Management and Financials.

For other useful information about PeopleSoft Applications see the PeopleSoft Applications Strategy Blog.

For information about PeopleTools see the PeopleSoft Technology Blog.

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