Friday Sep 20, 2013

UPDATE 9/2013: Peoplesoft Benefits and Payroll for North America - How does the new Healthcare Legislation impact your PeopleSoft products?

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 14, 2012

UPDATED: Peoplesoft Benefits and Payroll for North America - How does the new Healthcare Legislation impact your PeopleSoft products?

On May 23, 2011 we posted our first blog about the new Healthcare legislation and how it will impact the PeopleSoft Benefits and Payroll for North America products.  Here is a link to the original blog. https://blogs.oracle.com/peoplesoft/entry/oracle_peoplesoft_benefits_and_payroll1.

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 PeopleSoft team has been monitoring this legislation and the impacts it has on the PeopleSoft Benefits and Payroll for North America products.   We have revised Position Statement to include new information we have obtained since the last posting.  We encourage you to review the latest Position Statement to keep up to date.  To get this latest Position Statement please click here

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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.

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