Job Description
The 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:
Enhancing / modifying / troubleshooting existing pension processes, implementing new processes allowing for accurate, secure and compliant pension processes, calculations and estimates.
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.
Migration of legacy data to a centralized & highly customized Peoplesoft pension administration system, upgrading its efficiency through centralized administration.
Configuration of all pension rules including eligibility, participation, consolidation (hours, earnings, contributions), vesting, benefit formulas, optional forms.
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:
a. Consolidated Hours, Earnings, and Contributions
b. Service Eligibility, Benefit, and Vesting Service
c. Plan Eligibility and Participation
d. Vesting and Benefit Eligibility
e. Benefit Earning Limitations - 415 Limit Earnings
f. Final Average Earnings and 401(a)(17) Limits / Kingston Cap Limits
g. Overtime Earning Caps as Per CBA’s and statutory changes
h. 415 Limit High 3 and 401(a)(17) Limits
i. Early Retirement Factors
j. Benefit Formulas including death benefits
Retiree payroll
Annual actuary valuation reporting
Annual cost of living adjustments
Pension loans administration
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.
Flexible work from home options available.
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