Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Defined Benefits Combo Cash Balance Consultant

Loren D. Stark Company (LDSCO)
(Remote / Houston TX)

Loren D. Stark Company (LDSCO) logo

Plan Administrator

BlueStar Retirement Services Inc.
(Remote)

BlueStar Retirement Services Inc. logo

Enrolled Actuary

Loren D. Stark Company (LDSCO)
(Remote / Houston TX)

Loren D. Stark Company (LDSCO) logo

Client Success Specialist

Ubiquity Retirement + Savings
(Remote)

Ubiquity Retirement + Savings logo

Retirement Plan Administrator

Carpenter Morse Group Inc.
(Remote)

Carpenter Morse Group Inc. logo

Enrolled Actuary

SPS
(Remote / NJ / PA)

SPS logo

Customer Experience Specialist

AimPoint Pension
(Remote)

AimPoint Pension logo

Defined Contributions Consultant

Loren D. Stark Company (LDSCO)
(Remote / Houston TX)

Loren D. Stark Company (LDSCO) logo

Retirement Plan Administrator

Premier Plan Consultants
(Remote / San Diego CA)

Premier Plan Consultants logo

Defined Contribution Plan Administrator

PPS Pension Services
(Remote / Williamsville NY)

PPS Pension Services logo

Distribution Specialist

Carpenter Morse Group
(Remote / Longwood FL)

Carpenter Morse Group logo

Retirement Plan Consultant

Multnomah Group, Inc.
(CA)

Multnomah Group, Inc. logo

Saver Success Specialist

Ubiquity Retirement + Savings
(Remote)

Ubiquity Retirement + Savings logo

Retirement Plan Consultant

Cetera Retirement Plan Specialists
(Remote)

Cetera Retirement Plan Specialists logo

Non-Qualified Retirement Plan Administrator

The Hebets Company, NFP
(Remote / Phoenix AZ)

The Hebets Company, NFP logo

Sr Recordkeeping Specialist

BlueStar Retirement Services, Inc
(Remote)

BlueStar Retirement Services, Inc logo

DC Plan Administrator

Heritage Pension Advisors, Inc.
(Commack NY)

Heritage Pension Advisors, Inc. logo

Conversions Specialist

BlueStar Retirement Services, Inc.
(Remote)

BlueStar Retirement Services, Inc. logo

Implementation Specialist

Ubiquity Retirement + Savings
(Remote)

Ubiquity Retirement + Savings logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile App image LinkedIn icon
Twitter icon
Facebook icon

View All Jobs, Sorted by Date


Retirement Analyst

DC Retirement Board

in Remote / Washington DC

Logo for DC Retirement Board

ABOUT THE D.C. RETIREMENT BOARD

The District of Columbia Retirement Board is an independent agency of the District of Columbia Government. Our mission is to manage and control the assets of the D.C. Police Officers' and Firefighters' Retirement Plan and the D.C. Teachers' Retirement Plans as well as to administer benefits for the members of the plans.

POSITION SUMMARY

Calculates and processes various retirement benefits for Plan members of the Police/Firefighters’ and Teachers’ Retirement Plans and their survivors. Calculates retirement estimates, recalculations of benefits upon request or as assigned, and determines the payout for deceased members and annuitants, including unpaid annuity and unexpended contributions. Manages an assigned caseload of new and deceased retirees each pay period to ensure payments are made within the first sixty-day period of receiving a member’s request for benefits and supporting documentation or other processing target for benefits paid on behalf of deceased members.

ESSENTIAL DUTIES AND RESPONSIBILITIES

  • Conducts analysis, confirms eligibility to receive benefits and verifies data for estimates of benefit calculations; maintains consistent and effective communication with agency stakeholders (MPD, FEM, DCPS), OPRS, etc. to obtain and evaluate required data.
  • Reviews and confirms health coverage and life insurance coverage eligibility assigned by Retirement Specialist for a retired member or survivor by reviewing retirement information packet from employing agency as well before updating information in the System to Administer Retirement (STAR).
  • Provides retirement estimates and other retirement-related calculations.
  • Processes new retirees, survivors, and beneficiaries (one-time payments) onto the annuity payroll.
  • Reviews special project calculations provided by Quality Unit and other external business units to ensure concurrence in results before updating in STAR; i.e. Post 56 adjustments, Annuity Verification and/or Earning Statement Project suspensions/reinstatements, etc.
  • Performs all special group calculations outside of STAR, i.e. Teachers’ Salary increases, Non-Union Police Salary increases – which require recalculation of the annuitant’s historical benefit, before adjustment to annuity can be updated in STAR. 
  • Reviews case documents provided by Specialists for payment of unpaid annuity on behalf of deceased retiree/survivor to ensure accuracy and compliance with Plan rules and operating procedures prior to processing for payment.
  • As assigned handles the complex retirement cases and other special project cases to ensure timely processing of the annuity payroll.
  • Reviews monthly payroll health coverage and life benefits Proration Report to ensure the proper deductions will be made from the immediate upcoming payroll for new retirees/survivors; make adjustments as needed.
  • May serve as the backup to the Sr. Retirement Analyst and trouble shoots any issue that requires resolution to close payroll, ensuring all information is error free.
  • May assist the Manager in providing support documentation and operations/procedural instruction reminders to new and current staff members.
  • Performs User Testing of changes to FileNet, STAR and other electronic systems tools that are utilized by the Analysts.
  • Verifies that pension benefit applications are complete, accompanied by required documentation, and refers incomplete application matters to agency (DCPS, MPD, FEMS) personnel to obtain required information/documentation for further investigation.

FUNCTIONAL COMPETENCIES

  • Knowledge of defined benefit retirement plans administration tasks.
  • Ability to accurately enter and manage sensitive member data and manage the confidentiality of employee’s paper records.
  • Proficiency in math and analytical skills; function with high level of attention to detail.
  • High level of verbal and written communication skills.
  • Proficient in computer applications (MicrosoftOffice, internet navigation, e-mails).
  • Understanding of and execution of basic organizational, problem solving, and prioritization skills.

QUALIFICATIONS

  • Bachelor’s degree in Business Administration, Human Resources, or equivalent work experience.
  • Four to five years of pension/benefits processing experience.
  • One or more years of using retirement and/or pension payroll systems experience preferred. 
  • Retirement Plans Associate (RPA) or other relevant retirement benefits certificate desired.
  • Working knowledge of MicrosoftOffice Suite software, particularly Excel.

This job description indicates the general nature and level of work being performed by employees in this job. It is not intended to be an exhaustive list of all tasks, duties, and qualifications of employees assigned to this job. Incumbents may be asked to perform other duties as required. 

WORKING CONDITIONS

The Government of the District of Columbia values the safety of our employees, our residents, and our visitors. In support of these values, if you are selected for this job you must be fully vaccinated against COVID-19, except when vaccination is not medically advised or violates your sincerely held religious beliefs. If you are invited to join our team, you must submit proof that you are fully vaccinated against COVID-19 to your initial HR representative, or you must request an exemption from your representative. New employees must either provide proof of vaccination or be granted a medical or religious exemption before working with the Government of the District of Columbia.

DCRB is an Equal Opportunity Employer. In compliance with the Americans with Disabilities Act, the employer will provide reasonable accommodations to qualified individuals with disabilities and encourage both prospective employees and incumbents to discuss potential accommodations with the employer.

How to Apply

HOW TO APPLY

For consideration, please email your cover letter, resume, and completed DC2000 Employment Application to dcrb.vacancies@dc.gov . The DC2000 Employment Application is available as a fillable file document on the “Working at DCRB” page on DCRB’s website. You may view the page here: http://dcrb.dc.gov/service/working-dcrb .

Apply Now


View All Jobs, Sorted by Date


Manage This Listing (employer only)

© 2021 BenefitsLink.com, Inc.