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SuitePeople U.S. Payroll Enhancements in NetSuite 2025.2

SuitePeople U.S. Payroll enhancements in version 2025.2 include new reporting and contribution features.

·2 min read·From NetSuite Release Notes PDF

What's New in SuitePeople U.S. Payroll

Starting in NetSuite 2025.2, SuitePeople U.S. Payroll has introduced several key enhancements aimed at improving payroll processing and employee management. These updates include new functionalities for pension contributions, medical insurance reporting, and adjustments for catch-up contributions to retirement plans. These enhancements are designed to provide greater accuracy and efficiency for payroll administrators and enhance the overall payroll experience for employees.

Key Enhancements

  1. Pension Plan Contribution Pay Codes Grouping
    This feature allows for more streamlined grouping of pay codes related to pension plan contributions, thereby simplifying reporting and management processes. By grouping codes, payroll administrators can apply contributions more efficiently and ensure compliance with regulations.

  2. Medical Insurance for New Hire Reporting
    New opportunities for reporting medical insurance details have been introduced for new hires. This enhancement ensures timely and accurate information sharing about insurance options, helping organizations comply with legal requirements while providing new employees with comprehensive benefits details from day one.

  3. 457(b) Catch-Up Contributions for Employees Aged 60 Through 63
    This update allows employees aged 60 through 63 to make additional catch-up contributions to their 457(b) retirement plans. This enhancement not only encourages savings among older employees but also provides them with better control over their retirement funding as they approach retirement age.

Who This Affects

  • Payroll Administrators: Benefit from improved reporting and compliance features.
  • HR Professionals: Gain more accurate medical insurance reporting for new hires.
  • Employees: Access to better retirement plan options and information at critical life stages.

Key Takeaways

  • SuitePeople U.S. Payroll enhancements provide new features for improved compliance and efficiency.
  • Grouping pay codes for pension contributions simplifies payroll management.
  • Enhanced medical insurance reporting supports new hire integration.
  • 457(b) catch-up contributions empower older employees to save more for retirement.
  • These updates underscore NetSuite's commitment to evolving payroll functionalities for better employee support and administration efficiency.
Source: SuitePeople U.S. Payroll Enhancements — NetSuite Release Notes PDF. This article was generated from official Oracle documentation and enriched with additional context and best practices.

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