Benefits Specialist 2
2 weeks ago
The Benefits Specialist 2 will coordinate and administer the activities and operations of the Fort Worth Employees’ Retirement Fund (FWERF)’s benefit programs to 12,000+ members, including the areas of retiree and survivor benefit payments, retirement processing, the disability program, and death benefits.
ESSENTIAL DUTIES / RESPONSIBILITIES:
1. Under minimal supervision, perform accurate, complex benefit calculations and analyze retirement data to ensure compliance with benefit plan provisions: determine benefit eligibility for retirement and death benefits; calculate buybacks and service credit purchases; and run projected and final retirement benefit calculations.
2. Conduct one-on-one pre-retirement counseling to active members.
3. Counsel family of deceased participants concerning death benefits, secure necessary verifications/authorizations, and process post-death retirement benefits.
4. Process periodic monthly and non-periodic bi-weekly retiree benefit payrolls.
5. Prepare monthly meeting agenda item detailing retirement applications for Board approval.
6. Update the pension administration system for all new and/or revised participant information.
7. Ensure that participants’ personally identifiable information is kept confidential and securely filed.
8. Coordinate and conduct in-house and job-site retirement benefit seminars, securing guest speakers as necessary.
OTHER DUTIES / RESPONSIBILITIES:
1. Function as a Retirement Fund expert to assist members in understanding the City of Fort Worth Retirement Plan provisions.
2. Provide support to receptionist/front desk and other staff members in their absence.
3. Answer questions regarding the 1099-R forms.
4. Perform the following duties, as assigned.
Education, Formal Training or Experience: Any combination of education, experience and training that would likely provide the required knowledge and ability to qualify.
- Education: College-level course work in human resources, business administration or a related field. Equivalent combinations of education and experience may be considered. Undergraduate degree is preferred.
- Experience: Two (2) to five (5) years of increasingly responsible human resources or employee benefits administration experience.
Company DescriptionFWERF is a defined benefit public pension plan created for the exclusive purpose of providing retirement benefits to full-time City of Fort Worth employees, including general employees, police officers and firefighters.Company DescriptionFWERF is a defined benefit public pension plan created for the exclusive purpose of providing retirement benefits to full-time City of Fort Worth employees, including general employees, police officers and firefighters.-
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