Pension Representative
Reports To: Supervisor
Job Summary
Is responsible for calculating and explaining pension benefit amounts and options. Process retirements of new and returning retirees, death benefits, qualified domestic relations orders (QDROs), retroactive calculations, and record essential information. Input changes to the retiree check writer for benefit distributions. To apply, please submit resumes to denniec@959trusts.com.
Essential Functions
- Prepare benefit estimates for participants
- Explain status in pension plan to participants
- Compute retirement benefits for new retirees or verify computations of other staff, including offset calculations for QDRO assignments
- Set up new retirees on check writer for monthly pension checks or lump sum payments
- Input all changes for retirees on pension payment system
- Update participant and retiree data as needed
- Process stop payments and reissue benefit checks
- Adjust retirement benefit amounts for additional hours or Plan changes
- Stop and resume retirement benefits as retirees return to work or resume retirement
- Process death benefits for active participants and retirees; recover improperly paid benefits, if applicable upon notification of a death
- Review qualified domestic relations orders and work with parties to draft qualified orders
- Review Suspendible Employment determinations; notify participant of determination (denial or approval)
Job Requirements and Qualifications
- Strong customer service skills
- Strong math skills
- High School diploma or higher
- Ability to effectively communicate complex issues in both written and verbal form
- Ability to understand the Plan Document and articulate the provisions to participants
- Knowledge of ERISA, the governing law
- Strong organizational skills and attention to detail
Other Information
Job Location: Anchorage, AK
Wage & Benefits: $28.00/hr & benefits
Under ERISA, the ESC cannot hire felons. Background checks will be conducted on all employees.