PeopleSoft Pension Administrator

1 month ago


New York, United States Kumar Consulting, LLC Full time
Job DescriptionJob DescriptionJob DescriptionThe purpose of this position is to support the ongoing operations and maintenance of the PeopleSoft Pension Administration system for administered pension plans in compliance with security technologies that are designed to protect the corporate infrastructure at the host, endpoint, cloud, application levels. This position is responsible for:1. Enhancing / modifying / troubleshooting existing pension processes, implementing new processes allowing for accurate, secure and compliant pension processes, calculations and estimates.2. Implementation & support of all customizations required to comply with pension legislation, regulatory requirements and collective bargaining agreements, ensuring that sensitive data is identified, and properly protected through the use of the appropriate security technologies.3. Migration of legacy data to a centralized & highly customized Peoplesoft pension administration system, upgrading its efficiency through centralized administration.4. Configuration of all pension rules including eligibility, participation, consolidation (hours, earnings, contributions), vesting, benefit formulas, optional forms.5. Supporting various bolt on applications, including but not limited to the pension loans administration system The following knowledge, skills, and abilities are required for this position;PeopleSoft HCM & PeopleSoft Pension Administration knowledge including:1. Pensions configuration expertise including pension administration module tables & calculation phase (individual & batch) including;a. Consolidated Hours, Earnings, and Contributionsb. Service Eligibility, Benefit, and Vesting Servicec. Plan Eligibility and Participationd. Vesting and Benefit Eligibilitye. Benefit Earning Limitations - 415 Limit Earningsf. Final Average Earnings and 401(a)(17) Limits / Kingston Cap Limitsg. Overtime Earning Caps as Per CBA’s and statutory changesh. 415 Limit High 3 and 401(a)(17) Limitsi. Early Retirement Factorsj. Benefit Formulas including death benefits2. Retiree payroll3. Annual actuary valuation reporting4. Annual cost of living adjustments5. Pension loans administration6. Service purchase buybacks Technical skills - PeopleTools, People Code, SQR, App Engine, and COBOL The candidate must have recent experience in the implementation of integrated pension administration solutions in the public sector.

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