Pension Analyst

Established in 1957, UFCW and Employers Trust, LLC, also known as the Trust Fund Office, is one of the top 500 largest retirement funds (managing over $4.1 billion in assets) in the USA. We administer health plans and pension benefits for over 235,000 participants at 155 employers throughout Northern California and Hawaii. We serve the grocery food market and retail pharmacy industry consisting of essential workers from employers like Safeway, Save Mart, and Raley’s.

The Trust Fund Office administers several multiemployer plans; an employee benefit plan maintained under multiple collective bargaining agreements. Our "Taft Hartley" plans are governed by strong Boards of Directors consisting of Union and Employer industry leaders (as Trustees) with a fiduciary focus and care for our Membership and their families. Our mission is to provide exceptional benefit administration to those we serve: our Members, Dependents, Local Unions, Employers, and Service Providers.

Responsible for developing a thorough understanding of all the Pension Plans administered by the Trust Fund to include their rules and regulations. Performs technical and administrative duties associated with the processing and verification of members’ pension inquiries and applications, applying the rules and regulations of the Plans. Researches and resolves a broad range of questions and issues and communicates with members and their families, Union Representatives, other UFCW departments, and financial institutions.

Experience in benefits, accounting or finance or from the banking industry. Pension experience is not required.

• Provides accurate and detailed Pension estimates and answers questions as requested by members and Union Representatives.
• Answers inbound and outbound phone calls and provides explanations to members on the origin and nature of problems or issues.
• Assists members with pension questions through the online member self-service portal via the UFCW Trust website.
• Assists members in person with their questions regarding pension applications and inquiries.
• Identifies member issues rapidly and precisely. Solves problems and resolves issues, informing the member regarding the issue and outcome.
• Reviews, analyzes, processes and verifies pension applications and inquiries completed by other Pension Analysts.
• Processes retirement applications and verifies accuracy of information by developing and documenting a written chronological order of events in a member’s work history by requesting, researching, investigating, and analyzing pension data.
• Processes death notices and pension payment verification restarts, potential suspensions, and pension payment void requests.
• Reconciling stale dated report, and other various tasks for the pension processes.
• Determines pension benefit eligibility, evaluates, and determines retirement types that the member/beneficiary qualifies for, and calculates pension benefit amounts under all Pension Plans administered by the Trust Fund.
• Processes retirement adjustments such as post age 70 accrual adjustments, Qualified Domestic Relations Order (QDRO) carve outs and required joint and survivor benefit pop-ups under the butcher plan.
• Reviews and processes suspendible service, rule of 85 calculations and projections, surviving spouse applications, community share calculations based on divorce documentation directed by stipulations and orders or qualified domestic relations orders, reciprocity agreements, external reciprocity, credited services increases, and updates member records accordingly.
• Performs and/or verifies required calculation of vesting credit, plan service credit, account balance, service breaks, and other issues.
• Initiates and prepares correspondence to members, beneficiaries, employers, and others regarding general account information, pension history, monthly retirement benefits and income tax reporting.
• Reviews, analyzes, processes, and mails requested information to set up facilitator, power of attorney, and/or conservatorship.
• Performs data entry and data correction tasks to update and correct member information and updates pension data in pension information systems.
• Responds to inquiries from active and retired members, beneficiaries, and employers regarding pension benefits.
• Assists various duties and responsibilities of a Pension Clerk.
• Assists with general office duties and ensures the workspace and office is kept clean.
• Assists with special projects as assigned.

• 2 years of related work experience and a high school diploma. A combination of appropriate education and experience may be substituted for the minimum education and experience requirements.

• Knowledge of defined benefit and defined contribution plans a plus.

• Strong analytical skills.
• Skill in the application of outstanding customer service.
• Interpersonal skills…