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Section 101 of the SECURE 2.0 Act

in PeopleSoft Announcements

SECURE 2.0 contains 92 provisions that affect retirement savings plans. Section 101, effective January 2025, is just one of these. The Savings Plans Automatic Enrollment and Automatic Escalation are critical processes for this section. The enhancements were originally provided in a #PeopleSoft Release Patch (PRP) and are now available in Image 51. It is important to note that this feature is only for Benefits Administration customers. To fully understand Section 101, organizations should work with their legal staff and third-party saving plan vendors to understand how and if it affects your organization. Checkout this blog article for more details. https://bit.ly/42iLjgL

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