Cafeteria and Voluntary Benefits

With cafeteria, or defined-contribution-based benefit programs, Benesyst systems can manage credits, opt-out credits and remainder disbursement rules that may vary by class or union. Benesyst's systems can therefore seamlessly manage one of the most complex financial processes, reflecting all choices and values in the employee review screen, in HR reporting and in the payroll reporting function, if elected. Employers with standard formats wishing to move to a defined contribution format but reluctant to do so due to administrative complexity, are able to manage the transition thanks to Benesyst technology.