PeopleSoft Pension Administration Consultant

End Client: Metropolitan Transportation Authority (MTA)

Job Title: PeopleSoft Pension Administration Consultant

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;

PeopleSoft HCM & PeopleSoft Pension Administration knowledge including:

1. Pensions configuration expertise including pension administration module tables & calculation phase (individual & batch) including;

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

j. Benefit Formulas including death benefits

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.

If you are considering applying for a position with V Group, or in partnering with us on a position, please feel free to contact me for any questions you may have regarding our services and the advantages we can offer you as a consultant.

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