Friday May 01, 2015
Friday Feb 13, 2015
By Kristen Emery-Oracle on Feb 13, 2015
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. A major part of this law is the Employer Shared Responsibility provision that went into effect January 1, 2015. Are you prepared? Are you aware of the functionality PeopleSoft has already delivered? Are you up to date on what PeopleSoft plans to deliver in the future?
We are continuously delivering enhancements around the Affordable Care Act. In fact we have just recently delivered some additional enhancements to our Base Benefits module. Links to recent patches, along with information on previously posted enhancements for HRMS, Base Benefits, and Benefits Administration can be found on Document 1919696.1.
Thursday Sep 25, 2014
By Kristen Emery-Oracle on Sep 25, 2014
Wednesday Sep 03, 2014
By Kristen Emery-Oracle on Sep 03, 2014
Friday Jul 18, 2014
By Kristen Emery-Oracle on Jul 18, 2014
Thursday May 08, 2014
By Kristen Emery-Oracle on May 08, 2014
PeopleSoft Payroll for North America/Benefits has been adding functionality along the way to support the requirement for HealthCare reform. One big piece of legislation that has been evolving is Employer Shared Responsibility. On February 12, 2014 the IRS announced the final regulations. We have revised Position Statement on May 8, 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 Jan 22, 2014
By Kristen Emery-Oracle on Jan 22, 2014
Friday Sep 20, 2013
UPDATE 9/2013: Peoplesoft Benefits and Payroll for North America - How does the new Healthcare Legislation impact your PeopleSoft products?
By Carolyn Cozart on Sep 20, 2013
The PeopleSoft Payroll for North America/Benefits products have been adding functionality along the way to support the requirements for HealthCare reform. One big piece of legislation that is still evolving is Employer Shared Responsibility. In July of this year the IRS announced that they were going to defer this requirement until 2015 to allow time for the IRS to find a better way to support the requirement.
On September 5, 2013 the IRS released the proposed guidelines and invited stakeholders to submit comments on the proposed rules through early November 2013. Once the IRS finalizes the rules, PeopleSoft can take a position on what should be done. We have revised our Position Statement, specifically on Shared Responsibility on September 20, 2013 to include new information. The revisions can be found on Page 17. The updated Position Statement can be found on My Oracle Support, Document ID 1080659.1.
Wednesday Mar 27, 2013
By Carolyn Cozart on Mar 27, 2013
The Middle Class Tax Relief and Job creation act of 2012 P.L. 112-9 made significant changes to the Federal Retirement System in regards to how to determine an employee’s coverage. Starting in 2013 the employee’s contribution rate for (most) newly hired employees (or rehired employees with less than five years FERS service) will to pay significantly higher employee contributions. In addition, members of Congress and Congressional employees will pay a higher rate and will accrue retirement benefits at the same rate as regular employees.
Federal customers using PeopleSoft Human Resources, Payroll for North America, HR Base Benefits and Payroll Interface products will need to read the Position Paper which will identify the upcoming changes. The Position Paper can be found on My Oracle Support, Document ID 1541096.1.
Thursday Sep 08, 2011
By Carolyn Cozart on Sep 08, 2011
As a result of the Health Information Technology for Economic and Clinical Health Act (HITECH) there are significant modifications to the Health Insurance Portability and Accountability Act (HIPAA) which include creating new code and transaction sets for the HIPAA 834 EDI. The Secretary of the Department of Health and Human Services (HHS) has adopted ASC X12 version 5010 and NCPDP version D.0 as the next HIPAA standard for HIPAA covered transactions. The final rule was published on January 16, 2009 with all covered entities to be compliant by January 1, 2012.
The Health Care Industry uses Electronic Data Interchange (EDI) to transfer data. They have developed standards to be implemented consistently by all organizations to facilitate a smooth EDI environment. PeopleSoft Base Benefits adopted the standard Benefits Enrollment and Maintenance transaction ANSI ASC X12.834 version 4, release 1, sub-release 0 to provide standardized data requirements and contents to users of Version 004010 of ANSI ASC X12, Benefits Enrollment and Maintenance (834). The 834 is used to transfer enrollment information from the sponsor of the insurance coverage, benefits, or policy to a payer.
The new standard was published for the Benefits Enrollment and Maintenance Transaction ANSI ASC X12.834 version 5, release 1, sub-release 0. A Position Statement was issued to describe the changes that will be made to the PeopleSoft Base Benefits module to allow customers to generate the required 834 transactions on the new standard. These changes will be delivered to our customers on supported releases to 8.81 (with extended support) under the following BUG ID numbers: The targeted release date is by the end of Q3 (end of August beginning of September).
|8.81 (with extended support)||11590897|
See the Position Statement (Doc ID 1340431.1) in My Oracle Support for detailed information on what is changing.
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.
- Legislative Update for PeopleSoft HCM Global Payroll China
- Legislative Update for PeopleSoft HCM Global Payroll Japan
- Legislative Update for PeopleSoft HCM Global Payroll Brazil
- Legislative Update for PeopleSoft HCM - Affordable Care Act
- Legislative Update for PeopleSoft HCM Global Payroll France
- Legislative Update for PeopleSoft HCM Global Payroll Australia
- Legislative Update for PeopleSoft HCM Global Payroll India
- Legislative Update for PeopleSoft HCM - District of Columbia Wage Theft Prevention Act (WTPAA)
- Legislative Update for PeopleSoft HCM Global Payroll Hong Kong
- Legislative Update for PeopleSoft HCM Global Payroll India