As of Release 4.6C, it is possible to manage retirement plans in the plan category Savings . Within the Benefits component, the following new functions and infotypes enable you to manage plan-related data and communicate it to a third party administrator (TPA):
Projected retirement benefits are calculated externally by the third party administrator (TPA). This information and the calculated length of service can be displayed by employees in the new Employee Self-Service Retirement Benefits.
To support retirement plan administration, the existing IDoc for the transfer of health plan data (BENEFIT1) has been replaced by a new IDoc (BENEFIT2) that allows you to transfer plan participation data, employee demographic data, and beneficiary data for plans in the category Savings (in addition to health plan data). A new IDoc is also available for the transfer of other data relevant for TPA calculations.
For an overview of the Customizing steps for setting up a retirement plan and defining service calculation in the Benefits Implementation Guide, see the documentation for the section Plans -> Savings Plans.
For more information on the new Employee Self-Service for displaying projected retirement benefits, see the release note New Employee Self-Services in Benefits .