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The Taft-Hartley software allows for individual plans to be set up based on the
requirements of each local and each pension plan within the local. Defined
Benefit as well as Defined Contribution plans may be set up and each
employee’s current status is calculated based upon the plan rules.
Plan rules consist of date managed rules for pension break years, pension
benefit credits, and pension vesting credits. There are no limits to the
number of plans that may be established.
Checks may be produced for employees and/or beneficiaries after an
employee is eligible for retirement. This payment may be in the form of a
check or an automatic deposit to the employee or beneficiary bank account.
Annual benefit statements are produced for each plan and provides
hours/dollars information for all years that an employee or employer has
contributed to the plan.
The user of the system has an option to create custom procedures
for plans that may be so complex that they will not fit within the current
rule tables. These procedures may be used by one or more locals and or plans
and will not interfere with any plan procedures currently in use.
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