Senior PeopleSoft Pension Functional/Technical Consultant – TC 26-14981

Compu-Vision Consulting, Inc.; New York (NY); On-site; USD 96,000 - 165,000; Full time

Job summary

Compu-Vision Consulting, Inc. is seeking a Senior PeopleSoft Pension Functional/Technical Consultant in New York, NY for a 12-month contract with no benefits.

The role focuses on supporting the PeopleSoft Pension Administration system, configuring pension rules, retiree payroll, and actuarial reporting, while handling bolt-on applications like the pension loans system. The candidate should have strong PeopleSoft HCM and Pension Administration knowledge, capable of implementing and testing

Qualifications

• Experience configuring pension rules and benefit formulas.
• Experience with 415 limit earnings, Final Average Earnings, and 401(a)(17) limits.
• Knowledge of pension legislation, tiers, and collective bargaining agreements.
• Experience with bolt-on applications like pension loans administration.

Responsibilities

• Enhancing, modifying, and troubleshooting existing pension processes and implementing new processes.
• Implementing and supporting customizations to comply with pension legislation and CBAs.
• Configuring pension rules: eligibility, participation, vesting, benefit formulas, and forms.
• Supporting pension loans administration and service purchases buybacks.
• Retiree payroll processing and annual actuarial valuation reporting.
• Assisting with cost-of-living adjustments and related pension operations.

Skills

PeopleSoft HCM

Pension Administration

Pension configuration

Benefit formulas

Retiree payroll

Actuarial reporting

Service purchase buybacks

CBA awareness

Pension laws

Overtime caps (CBAs)

Tools

PeopleTools

PeopleCode

SQR

App Engine

COBOL

Job description

Senior PeopleSoft Pension Functional/Technical Consultant

Location: New York, NY

Duration – 12 Months

Employment Type: Contract (NO BENEFITS)

Job Summary

The purpose of this position is to support critical initiatives within the PeopleSoft Pension Administration system for administered pension plans. This position is responsible for:

1. Enhancing, modifying, and troubleshooting existing pension processes, and implementing new processes that allow for accurate, secure, and compliant pension processing, calculations, and estimates
2. Implementing and supporting all customizations required to comply with pension legislation, tiers, regulatory requirements, and collective bargaining agreements
3. Configuring all pension rules, including eligibility, participation, consolidation (hours, earnings, contributions), vesting, benefit formulas, and optional forms
4. Supporting various bolt-on applications, including but not limited to the pension loans administration system

Required Knowledge, Skills, and Abilities

PeopleSoft HCM and PeopleSoft Pension Administration knowledge, including:

1. Pension configuration expertise, including pension administration module tables and calculation phases (individual and batch):

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 per CBAs and statutory changes

h. 415 Limit High 3 and 401(a)(17) Limits

i. Early Retirement Factors

j. Benefit Formulas, including death benefits
2. Retiree payroll
3. Annual actuarial valuation reporting
4. Annual cost of living adjustments
5. Pension loans administration
6. Service purchase buybacks

Technical Skills

• PeopleTools, PeopleCode, SQR, App Engine, and COBOL