PeopleSoft Pension Administration Consultant

V Group Inc.; New York (NY); On-site; USD 90,000 - 130,000; Part time

Job summary

V Group Inc. seeks a Pension Administration specialist to support the MTA Pension system at the Manhattan Business Service Center. You will enhance, modify, and troubleshoot pension processes, implement customizations, and configure rules for eligibility, vesting, and benefit formulas.

This 12-month contract includes retiree payroll, actuarial valuation reporting, cost‑of‑living adjustments, pension loans administration, and buybacks. Strong knowledge of PeopleTools, PeopleCode, COBOL required.

Qualifications

• Consolidated Hours, Earnings, and Contributions understanding.
• Service Eligibility, Benefit, and Vesting Service knowledge.
• Plan Eligibility and Participation expertise.
• Vesting and Benefit Eligibility awareness.
• Benefit Earning Limitations - 415 Limits and related rules.
• Final Average Earnings and 401(a)(17) Limits awareness.
• Overtime Earning Caps per CBA and changes.
• 415 Limit High 3 and 401(a)(17) Limits understanding.
• Early Retirement Factors and related calculations.

Responsibilities

• Enhancing/modifying/troubleshooting pension processes and implementing new processes.
• Configuring pension rules: eligibility, participation, vesting, formulas.
• Supporting bolt-on applications including pension loans administration.
• Retiree payroll, annual actuary valuation reporting, and cost‑of‑living adjustments.
• Pension loans administration and service purchase buybacks.

Skills

Consolidated hours & earnings

Service eligibility & vesting

Plan eligibility & participation

Benefit earning limits (415)

Final Average Earnings (401(a)(17))

Overtime earning caps (CBA)

Early retirement factors

Pension rules configuration

Pension legislation compliance

Tools

PeopleTools

PeopleCode

SQR

App Engine

COBOL

Job description

End Client: Metropolitan Transportation Authority (MTA)

Duration: 12 months and extendable

Location: BSC - Business Service Center, Manhattan, NY

Hours Per Week: 37.5 hours

Ceipal ID: MTA_PEOP994_SN

Job Code: 5994-1

Job Description: The purpose of this position is to support the critical initiatives underway within the PeopleSoft Pension Administration system for MTA's administered pension plans.

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, tiers, regulatory requirements and collective bargaining agreements.
• 3. Configuration of all pension rules including eligibility, participation, consolidation (hours, earnings, contributions), vesting, benefit formulas, optional forms.
• 4. 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;

• 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

Additional Responsibilities:

• 2. Retiree payroll
• 3. Annual actuary valuation reporting
• 4. Annual cost of living adjustments
• 5. Pension loans administration
• 6. Service purchase buybacks

Technical skills including PeopleTools, PeopleCode, SQR, App Engine, and COBOL

V Group Inc. is a NJ-based IT Services and Products Company with its business strategically categorized in various Business Units including Public Sector, Enterprise Solutions, Professional Services, Ecommerce, Projects, and Products. Within Public Sector business unit, we cater IT Professional Services to Federal, State and Local. We have multiple awards/ contracts with 30+ states, including but not limited to NY, CA, FL, GA, MD, MI, NC, OH, OR, CO, CT, TN, PA, TX, VA, NM, VT, and WA.

Website: https://www.vgroupinc.com/publicsector

LinkedIn: https://www.linkedin.com/company/v-group/

Facebook: https://www.facebook.com/VGroupIT

Twitter: https://www.twitter.com/vgroupinc