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.