Pensions admin needed in Dorchester £9.99ph ref 5194821
Full time hours on a temporary basis.
To calculate deferred benefits for early leavers and notify members of their entitlements and process claims for refunds of pension contributions, including dealing with contracting out and tax requirements
To calculate and initiate payment of retirement benefits, including the payment of Additional Voluntary Contribution (AVC) Funds where applicable and any increments for the Guaranteed Minimum Pension (GMP)
To calculate and provide estimates of retirement and death benefits to scheme members and employers along with estimates of early retirement/redundancy pension strain costs to employers and beneficiaries taking account of the regulations and how employers have decided to exercise discretion within those regulations
To validate, calculate and initiate the payment of death and survivors benefits.
To calculate and initiate payment of deferred benefits due for payment in accordance with the monthly diary report and to make adjustments to pensions in payment (i.e. National Insurance modifications, Guaranteed Minimum Pensions (GMPs) and Pension Increases).
To process Local Government Pension Scheme transfers in and out of the Fund for joining/leaving members, to process Club and Non Club transfers in and out of the Fund for joining/leaving members and to undertake the linking of records within the Fund.
To process applications for Additional Pension Contribution (APC) contracts and Additional Voluntary Contributions (AVC) and when appropriate to convert AVC funds into service credits and inform retiring members of their tax free cash options.
To review GMP notifications from HMRC, ensure accuracy and update members’ records and inform the payroll office as required.
If you are interested in the role, please email your cv to firstname.lastname@example.org quoting the reference number
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