Pension Administration Expert

5 days ago


New York, New York, United States InfoPeople Full time
Job Title: Pension Administration Expert

The primary objective of this position is to provide ongoing support and maintenance for the PeopleSoft Pension Administration system, ensuring compliance with client security technologies designed to protect corporate infrastructure at various levels.

Main Responsibilities:
  1. Enhance, modify, or troubleshoot existing pension processes, implementing new processes that facilitate accurate, secure, and compliant pension calculations and estimates.
  2. Implement and support customizations required to comply with pension legislation, regulatory requirements, and collective bargaining agreements, ensuring sensitive data is protected through the use of appropriate security technologies.
  3. Migrate legacy data to a centralized PeopleSoft pension administration system, upgrading its efficiency through centralized administration.
  4. Configure all pension rules, including eligibility, participation, consolidation (hours, earnings, contributions), vesting, benefit formulas, and optional forms.
  5. Support various bolt-on applications, including but not limited to, the pension loans administration system.
Required Skills and Qualifications:Pensions Configuration Expertise:
  • Pension administration module tables and calculation phase (individual and batch) including:
    • Consolidated Hours, Earnings, and Contributions
    • Service Eligibility, Benefit, and Vesting Service
    • Plan Eligibility and Participation
    • Vesting and Benefit Eligibility
    • Benefit Earning Limitations - 415 Limit Earnings
    • Final Average Earnings and 401(a)(17) Limits / Kingston Cap Limits
    • Overtime Earning Caps as Per CBA's and statutory changes
    • 415 Limit High 3 and 401(a)(17) Limits
    • Early Retirement Factors
    • Benefit Formulas including death benefits
Technical Skills:
  • PeopleTools
  • PeopleCode
  • SQR
  • App Engine
  • COBOL
Estimated Salary Range:

$120,000 - $180,000 per year

This position requires recent experience in the implementation of integrated pension administration solutions in the public sector. The ideal candidate will have a strong understanding of PeopleSoft HCM and PeopleSoft Pension Administration knowledge, as well as excellent technical skills and the ability to communicate complex technical information to a non-technical audience.



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