Pension Administrator jobs in Detroit, MI

Pension Administrator is responsible for the administration of retirement plans. Maintains plan records and ensures compliance with federal regulations. Being a Pension Administrator communicates with customers and assists with plan design and benefit distributions. Requires a bachelor's degree. Additionally, Pension Administrator typically reports to a manager. The Pension Administrator gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. To be a Pension Administrator typically requires 2 to 4 years of related experience. (Copyright 2024 Salary.com)

Recently Added Pension Administrator jobs

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Pension Coordinator (Troy, MI)
  • BeneSys, Inc.
  • Troy, MI FULL_TIME
  • Pension Coordinator (Troy, MI)
    Summary – Calculates retirement benefit estimates, processes applications, communicates with members, reports to Board of Trustees, balances monthly ledger, and processes pension checks. Performs customer service functions.
    Essential Duties and Responsibilities include but not limited to
    • Determine eligibility for and calculate monthly benefits of participants based upon a thorough understanding of complex Plan provisions.
    • Approve or deny DB & DC applications based upon Plan Provisions and applicant information; process denial letters, appeals and final denials letters.
    • Data entry of new retiree information into proprietary software program; coordinate with Mass Mutual to issue payout and hardship checks; set up and maintain paper files for new retirees and payouts.
    • Communicate clearly with participants, both verbally and in writing.
    • Prepare meeting reports for the Board of Trustees.
    • Balance monthly ledger, including YTD figures; process monthly and manual pension checks in coordination with Troy Operations Department.
    • Review monthly and yearly exception reports, including 1099r processing in January, Plan Year End processing for DB pension, including the approval of participant annual benefit statements.
    • Maintain changes in census data, marital status, benefit status and monthly DB amounts for retirees in PC maintenance.
    • Create and maintain benefit summaries for use by fellow coordinators.
    • Create and maintain fund-specific procedural manuals.
    • Follow established procedures in a thorough and consistent manner.
    • Able to record and reference subjects covered during training, leading to the ability to work independently with minimal assistance and supervision.
    • Route Divorce Decrees and QDRO’s to the Eligibility Department and the Fund Attorney; process QDROs as required.
    • Regular and predictable attendance is an essential function of this job.
    Qualification - To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed are representative of the knowledge, skill, and/or ability required. Excellent customer service skills are a must.
    Education and/or Experience - High School diploma or GED and some college and/or job-related experience.
    Language Skills - Ability to comprehend written materials such as plan documents and legal correspondence. Communicate professionally, tactfully and clearly with participants, fellow employees and other professionals.
    Mathematical Skills - Ability to apply concepts of basic addition, subtraction, multiplication, division and algebra. Must be able to understand and apply knowledge of decimals, fractions, and percentages.
    Reasoning Ability - Ability to apply common sense to carry out detailed written or verbal instructions. Ability to assess and analyze production results for accuracy and efficiency.
    Computer Skills - Intermediate working knowledge of Microsoft Office products, especially Excel, Word, and Outlook are essential.
    Work Schedule - Full time. Monday – Friday, 7:30am - 4:30pm. Required in office (No at-home days).
    Competitive Benefits and Compensation Package
    • 12 paid holidays
    • Paid Time Off (PTO)
      • Pro-rated during first year of employment
      • 15 days of PTO provided in the next calendar year!
    • 3 days paid bereavement
    • Up to 20 days paid jury leave
    • Medical, dental, and vision insurance, with option for dependent coverage
    • Company-paid basic life, short-term disability, long-term disability, and AD&D insurance
    • 401k with employer match
    • Tuition reimbursement program
    • Career development opportunities
    • Referral bonus for all successful full-time referrals
    • Annual opportunities for increases and bonuses
    Pay
    Hourly rate ranges from $ 20.00 - $ 25.00. Actual rate dependent on location, skills, education, experience and other business factors.
    Our Culture
    BeneSys wants to be a great service provider to the members we serve, and we recognize we can only do that if we are also a great employer with successful employees. In short, our success is driven by our employees’ successes. We want to be a place where people want to work, feel proud of what they do and feel fulfilled both professionally and personally. We want to create a place where employees can find long-term growth and potential.
    Our culture focuses on three core values:
    • Collaboration: working together across 31 locations to achieve the best for the company and our clients
    • Dedication: striving to create an environment where all employees work toward a common goal while committing to providing the best customer service to our members and our colleagues
    • Integrity: doing what we say we will do. Upholding strong ethical and moral principles
    ADA & EEO
    Reasonable accommodations will be made so that qualified individuals with disabilities are able to complete the application process and, if hired, fulfill the essential functions of their job.
  • 10 Days Ago
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Pension Business Analyst (Troy, MI)
  • BeneSys, Inc.
  • Troy, MI FULL_TIME
  • Pension Business Analyst (Troy, MI) Summary - Responsibilities include assisting the Project Manager with implementing a new or upgrading an existing client’s pension plan on proprietary software appl...
  • 17 Days Ago
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Clinical Psychologist - Compensation & Pension (Telework approved)
  • Veterans Health Administration
  • Detroit, MI FULL_TIME
  • This position is eligible for the Education Debt Reduction Program (EDRP), a student loan payment reimbursement program. You must meet specific individual eligibility requirements in accordance with V...
  • 15 Days Ago
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Clinical Psychologist - Compensation & Pension (Telework approved)
  • US Veterans Health Administration
  • Detroit, MI FULL_TIME
  • Duties Serves as the Psychologist Examiner for the Compensation and Pension (C&P) Program in Administrative Medicine. The Compensation and Pension provider evaluates veterans in response to a request ...
  • 29 Days Ago
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Administrator
  • Parkview Memorial Association (Cemetery)
  • Livonia, MI FULL_TIME
  • Parkview Memorial Association is seeking a highly qualified, dynamic, and enthusiastic candidate to fill its new Administrator position. This is a new management position within the organization. The ...
  • Just Posted
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Administrator
  • Avesta Systems
  • Clarkston, MI FULL_TIME
  • If you’re looking to work in an environment that combines teamwork and gives you credit for your hard work, while also enriching the lives of others around you; look no further! Independence Township ...
  • 3 Days Ago
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0 Pension Administrator jobs found in Detroit, MI area

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Site Administrator - Flint Harbor Light
  • The Salvation Army Central Territory
  • Detroit, MI
  • Job Description POSITION SUMMARY: Provide leadership, direction, and management to all employees of the site and oversee...
  • 4/25/2024 12:00:00 AM
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Development Process Improvement & Project Management Specialist - (Special Services - ARPA)
  • City of Detroit
  • Detroit, MI
  • Development Process Improvement & Project Management Specialist - (Special Services - ARPA) Print (https://www.governmen...
  • 4/23/2024 12:00:00 AM
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Technical Manager of Data Warehousing
  • Plante Moran
  • Southfield, MI
  • Location: United States, MichiganLocation: United States, OhioLocation: United States, IllinoisLocation: United States, ...
  • 4/23/2024 12:00:00 AM
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Embedded Controls Software Engineering Manager
  • Cummins Inc.
  • Troy, MI
  • Embedded Controls Software Engineering Manager Troy , Michigan Work Type: Hybrid - Potential for Partial RemoteRelocatio...
  • 4/23/2024 12:00:00 AM
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Benefit Specialist
  • The Salvation Army Central Territory
  • Southfield, MI
  • Job Description Position Summary: The Benefits Specialist is responsible for assisting with the administration of all be...
  • 4/22/2024 12:00:00 AM
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Human Resources Coordinator
  • The Salvation Army Central Territory
  • Southfield, MI
  • Job Description Position Summary: Provides administrative support to the Divisional Human Resources Managers and Directo...
  • 4/22/2024 12:00:00 AM
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Senior IT Business Analyst
  • Cummins Inc.
  • Troy, MI
  • Senior IT Business Analyst Troy , Michigan Work Type: Hybrid - Potential for Partial RemoteRelocation Package: Ineligibl...
  • 4/22/2024 12:00:00 AM
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Accounting Manager Manager (Hybrid: Work from Home)
  • ASM Global
  • Port Huron, MI
  • POSITION: Accounting Manager DEPARTMENT: Finance REPORTS TO: General Manager FLSA STATUS: Exempt Summary ASM Global - Bl...
  • 4/21/2024 12:00:00 AM
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About Detroit, Michigan

Detroit (/dɪˈtrɔɪt/, locally also /ˈdiːtrɔɪt/; French: Détroit, lit. 'strait') is the largest and most populous city in the U.S. state of Michigan, the largest United States city on the United States–Canada border, and the seat of Wayne County. The municipality of Detroit had a 2017 estimated population of 673,104, making it the 23rd-most populous city in the United States. The metropolitan area, known as Metro Detroit, is home to 4.3 million people, making it the second-largest in the Midwest after the Chicago metropolitan area. Regarded as a major cultural center, Detroit is known for its co...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Pension Administrator jobs
$56,464 to $85,016
Detroit, Michigan area prices
were up 1.2% from a year ago
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What does a Pension Administrator do?

Pension Administrator in Biloxi, MS
• Extensive knowledge of the pension industry and common pension plans • Experience with software programmes related to pension tracking • Proficient in math and accounting practises related to pensions • Ability to manage and track multiple accounts with efficiency • Ability to work well with others and achieve assigned goals • Solid leadership and communications skills.
December 03, 2019
Pension Administrator in El Paso, TX
Pension administration firms with a large block of defined benefit plans often employ an actuary directly.
February 12, 2020
Pension Administrator in Topeka, KS
The Clergy Pension Plan provides more than a monthly benefit.
January 30, 2020