PENSION SPECIALIST 2

Requirements

• Calculate retirement/survivor and termination benefits and lump sum distributions.
• Communicate provisions of all retiree programs including retirement/survivor benefits and deferred compensation.
• Prepare various benefit publications, articles and newsletters.
• Notify appropriate Division personnel/departments and active/retired employees of retirement benefit changes.
• Update personnel policies, plan documents/resolutions and handbooks on changes pertaining to pension.
• Conduct focus group meetings, employee orientations, seminars and individual counseling sessions with employees/retirees.
• Schedule meetings/appointments with customers and assist walk-in customers.
• Coordinate scheduling of deferred compensation informational meetings.
• Perform pre-retirement counseling.
• Coordinate activities of the pension election and prepare/distribute Pension Board minutes.
• Make active payroll/deferred compensation changes and reconcile deductions.
• Process retirement payroll; reconcile payroll amounts/transmit data to financial institutions;
• Assist with bank reconciliation; and prepare various paperwork including tax forms.
• Review mandated legislative matters and determine impact to the Division;
• Provide information and assistance for actuarial studies: obtain legal opinions and notify appropriate personnel of change in laws;
• Respond to subpoenas; and may make court appearances.
• Plan/coordinate retiree activities/functions; attend retiree meetings; provide referral services for the elderly;
• Coordinate implementation of new retirement programs and make recommendations.
• Stay abreast and recommend various technological changes/systems concerning retirement benefits;
• Update/review contracts with outside vendors.
• Work on special projects and prepare requests for proposals, surveys and related information.
• Perform other duties as directed.