Compensation and Benefits - EBS (MOSC)

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Oracle patch or info for the SECURE Act which was passed in March 2020

edited Sep 4, 2020 4:44PM in Compensation and Benefits - EBS (MOSC) 1 commentAnswered

Hello Oracle,

We are on EBS (OAB) 12.1.3.

I'm looking for information or patch regarding to the SECURE Act which was passed in March 2020.

All part-time employees are paid through the weekly Oracle payroll system. Just as Oracle payroll can track the 1,000 hours required for the standard 401(k), Oracle should have the ability to track for eligibility under the SECURE Act. Actually, because this is now law, Oracle should have a patch to apply to Oracle to accommodate this requirement.

Effective January 1, 2021 we will need to add this benefit to all non-union employees benefit (office, admin, office) new hire packets.

Thanks

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