The episode begins with Tammy (who was also an Oracle PeopleSoft customer) talk about her journey of joining the Oracle PeopleSoft team. This segment is followed by Robbin sharing the benefits of former customers joining the team. The discussion soon turns to the importance of Secure 2.0 Act.
As the discussion progresses, Tammy emphasizes the need for the PeopleSoft customers to understand the provisions of the act that affect their organizations’ and suggests the customers to work with the legal teams and third-party providers. The main concern for customers in this Act is with the Section 603, which requires certain employees to contribute their catch-up portion into a Roth after-tax fund. It is also explained that the challenges of determining who is affected by the FICA earning threshold and the uncertainty around changes to the FICA threshold and catch-up limit.
In the latter part of this episode Tammy and Robbin discuss what PeopleSoft customers should do to prepare for changes from the Secure 2.0 Act, which is:
You can access the full episode below.