PeopleSoft HCM - Base Benefits - Savings Plan - Service/Benefit Rate Table

The Savings Plan provider provides a feed which includes the percent of the earnings which the participant contributes, the percent is based on the years of service w/ the ERS (Employee Retirement Service System), this may not be the Service with the Organization, So the ERS Feed may say 7.5% Contribution by the Employer which relates to 9 Years of Benefits Service. While we could back into the Service Date (Employment Page), there is only one Service Date, and the current Service Date is Correct for determining all other benefits such as Leave Accrual, etc.

Gradual annual increase in ER contribution for members contributing at least 5% into PSR 401(k) after reaching 5 years of creditable ERS service,