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Pension Benefits Analyst Jobs (NOW HIRING)

Boston Medical Center

Benefits Analyst

Boston, MA · On-site

$78K - $113K/yr

Position: Benefits Analyst Department: Human Resources Schedule: Full Time ESSENTIAL ... Educates employees and facilitates requests for retirement/pension plan distributions. Creates and ...

Publicis Groupe Holdings B.V

Benefits Analyst

Manhattan, NY · On-site

$50K - $60K/yr

Overview An exciting job opportunity exists for a Benefits Analyst to join our Benefits Team based ... Pension plans. Youwill provide support to the employees and partner/collaborate with our internal ...

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Pension Benefits Analyst information

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$72.3K

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How much do pension benefits analyst jobs pay per year?

As of Aug 10, 2026, the average yearly pay for pension benefits analyst in the United States is $72,338.00, according to ZipRecruiter salary data. Most workers in this role earn between $56,000.00 and $82,500.00 per year, depending on experience, location, and employer.

What does a pension benefits analyst do?

A Pension Benefits Analyst is responsible for administering and analyzing retirement plans, ensuring compliance with regulations, and assisting employees or clients with questions about their pension benefits. They review pension plan documents, calculate benefit estimates, and process retirement applications. Analysts also stay up-to-date on changes in pension laws and may help with plan design or reporting. Their role is essential in ensuring retirees receive the correct benefits and understand their options.

What are the key skills and qualifications needed to thrive as a pension benefits analyst?

To thrive as a Pension Benefits Analyst, you need strong analytical skills, attention to detail, and a solid understanding of pension plans and relevant regulations, often supported by a degree in finance, business, or a related field. Familiarity with benefits administration software, Microsoft Excel, and sometimes certifications like CEBS (Certified Employee Benefit Specialist) are typically required. Excellent communication, problem-solving abilities, and customer service orientation help you effectively explain complex information to clients and collaborate with team members. These skills ensure accurate benefits calculations, compliance with regulations, and a high level of service for plan participants.

What is the difference between Pension Benefits Analyst vs Retirement Benefits Coordinator?

AspectPension Benefits AnalystRetirement Benefits Coordinator
CredentialsBachelor's degree, certifications like CEBS or PBMI often preferredBachelor's degree, similar certifications may be beneficial
Work EnvironmentCorporate HR or benefits departments, financial institutionsHR departments, third-party benefits providers
Employer & IndustryFinancial services, large corporations, government agenciesLarge organizations, insurance companies, government agencies
Primary FocusAnalyzing pension plans, ensuring compliance, calculating benefitsAdministering retirement benefits, assisting employees with inquiries

The main difference is that Pension Benefits Analysts focus on analyzing and managing pension plans, while Retirement Benefits Coordinators handle the administration and employee support related to retirement benefits. Both roles require similar credentials and are found in comparable industries, but their daily responsibilities differ in scope and focus.

How to become a pension benefits analyst?

To become a pension benefits analyst, candidates typically need a bachelor's degree in finance, accounting, or a related field. Relevant skills include knowledge of pension plans, data analysis, and proficiency with spreadsheet and database software; professional certifications such as Certified Employee Benefits Specialist (CEBS) can also enhance job prospects.

What are some common challenges faced by pension benefits analysts when interpreting plan documents?

Pension Benefits Analysts often encounter challenges when interpreting complex plan documents due to varying legal language, frequent regulatory changes, and differences between plans. Accurately determining participant eligibility, benefit calculations, and compliance requirements can require careful attention to detail and strong analytical skills. Collaboration with legal teams or senior analysts is common to resolve ambiguities and ensure that all interpretations align with current laws and company policies.
More about Pension Benefits Analyst jobs
What cities are hiring for Pension Benefits Analyst jobs? Cities with the most Pension Benefits Analyst job openings:
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What job categories do people searching Pension Benefits Analyst jobs look for? The top searched job categories for Pension Benefits Analyst jobs are:
Pension Benefits Analyst jobs near you
Infographic showing various Pension Benefits Analyst job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 79% Full Time, 15% Part Time, and 5% Contract. Highlights an 92% Physical, 1% Hybrid, and 7% Remote job distribution, with an average salary of $72,338 per year, or $34.8 per hour.

Pension Analyst

SEIU Healthcare IL Benefit Funds

Chicago, IL • On-site

$26 - $33.51/hr

Full-time

Medical, Dental, Vision, Retirement

Posted 7 days ago

Job description

DEPARTMENT: Pension
POSITION TYPE: Hourly, Non-Exempt
BARGAINING UNIT: OPEIU, Local 9 Bargaining Unit
SEIU Healthcare IL Benefit Funds is a dynamic benefits administration organization committed to providing the highest quality health and retirement benefits in the most financially responsible manner, while always acting in the best interest of the union members. The Fund serves over 20,000 union workers in the Nursing Home, Home Care, Child Care and Personal Assistant industries with the delivery of health and pension benefits. Our employees epitomize the Fund's core values of quality service, interdependence, effectiveness, and accountability, and forge an alliance with one another to carry out our shared mission and common agreements for those we serve.
Position Summary
In collaboration with internal and external stakeholders, the Pension Analyst will act as a subject matter expert and point of contact in the fulfillment of the Pension Department's efficient and effective pension administration, data analytics and system requirements. The Pension Analyst will provide technical and analytical support to end users while collaborating with other interdepartmental teams and external stakeholders to ensure system is appropriately configured and maintained and all user and system requirements are successfully gathered, communicated, documented, and achieved in alignment with plan provisions, IRS requirements and ERISA rules and regulations under the direction of the Pension Director. This position will also assess, identify, and resolve processing, and reporting issues, while ensuring that all data reporting and analytical needs of the Pension Department are met.
The Pension Analyst will be responsible for the following:
Key Duties and Responsibilities
Pension Administration & Analysis
  • Perform daily, recurring and ad hoc pension administration tasks including but not limited to analyzing and calculating various pension benefits by applying the appropriate tax rules under the IRS, the federally governed rules under ERISA, and rules and regulations of the plan.
  • Investigate and troubleshoot issues within the pension benefit administration system in collaboration with technical and non-technical resources.
  • Maintain knowledge of trends, developments, and changes in pension regulations and compliance while applying this knowledge to ensure that pension plans are properly administered.
  • Demonstrate and maintain a thorough understanding of the pension plan provisions and the corresponding requirements for the pension system.
  • Research retirement plan issues and regulations.
  • As a subject matter expert and point of contact, provide analytical support, and serve as a data and technical resource for the Pension Department.
  • Assist in preparing information reporting for quarterly Board of Trustee meetings.
  • Prepare and provide weekly, monthly, quarterly, and annual compliance reports.
  • Report on status of tasks and goals assigned to the Pension Department while adhering to and meeting established departmental and organization project plan timelines.
  • Coordinate with internal and external stakeholders in the planning and analysis of efforts for new system implementations, system upgrades, enhancements, and maintenance.
  • Create and execute test plans for new system implementations, system changes, and user acceptance testing.
  • Effectively communicate with internal departments, such as Contributions and Eligibility, Accounting and Member Service, to understand and document departmental and interdepartmental policies, procedures, and workflows, and externally with employers, the union, plan participants and vendors.
  • Demonstrate a high degree of accountability and decision-making responsibilities in relation to data maintenance and reporting.
  • Provide support in annual pension planning and auditing processes.
  • Analyze credited service history for various scenarios including, applicable pension calculations for members applying for disability pension benefits and attaining retirement age.
  • Ensure accuracy in the completion and delivery of complex and non-standard calculations.
  • Record, enter, and update member status to track progress of member files such as pensioner completed, incomplete, denials, disabled, pended, RBDs, vested benefit future payments, complete payments, and beneficiaries.
  • Participate in special projects and manage multiple tasks to facilitate continuous improvement and the implementation of industry best practices within the Pension Department and organization wide.
  • Attend and participate in organizational meetings, including All Staff meetings, department meetings, benefit improvement process meetings, training sessions, task force or committee meetings, and other meetings as deemed appropriate to share, discuss, and solution for question or error trends, as well as identify potential process improvements.
  • Create agendas using the Purpose, Outcome and Process (POP) Model, and thorough notes must be kept for each meeting.

Requirements
Desired Qualifications, Experience, and Characteristics:
Professional Qualifications & Experience
  • A minimum of five (5) years' of demonstrated defined benefit experience processing pension and/or retiree benefit claims experience working in a Taft-Hartley environment, third party administration (TPA), non-profit, labor union and/or mission-driven organizations.
  • Bachelor's degree in Statistics, Mathematics, Analytics, or related field preferred.
  • Certified Employee Benefit Specialist (CEBS) and Project Management certification is preferred.
  • Advanced knowledge and understanding of Defined Benefit principles and legislation.
  • Demonstrated mathematical, technical, analytical, critical thinking, problem-solving, and project management knowledge and experience.
  • Experience with technical documentation and interpreting requirements.
  • Ability to accurately translate technical tasks and requirements to be easily digestible for system end users.
  • Excellent written, verbal, and non-verbal communication skills, with the ability to collaborate effectively with peers, team leads, leadership, as well as internal and external stakeholders.
  • Must have strong organizational and time-management skills with the ability to manage competing priorities with attention to detail, productivity, and quality.

Personal Characteristics
  • A passionate commitment to the Mission, Vision, and Core Values of the SEIU Healthcare IL Benefit Funds.
  • Sense of grace and humor in the face of challenges.
  • Awareness of social movements, labor movements, and political issues that impact the organization and the work that we do.
  • Demonstrated sense of accountability with the ability to work independently, manage up, laterally, and work collaboratively with all levels and across the organization.
  • A high level of self-awareness and self-mastery when interacting with others.
  • An exceptional team spirit and positive attitude, along with a high degree of integrity and judgment to earn and keep team confidence and morale.

Technical Experience
  • Intermediate to advanced user of benefits administration software, Basys/Bridgeway preferred.
  • Intermediate to advanced skill level using Microsoft Office Suite (Word, Excel, Outlook, Access and Power Point) including the use Excel pivot tables and formulas.
  • Experience with reporting and dashboard tools (Smartsheet or other project management tools)
  • Experience working in a hybrid work environment, using a variety of virtual conference platforms to support and demonstrate collaboration and high productivity levels.
  • Written and verbal fluency in Spanish and/or Polish is a plus.

Privacy and Security Responsibilities
This position requires employees to manage and maintain Personal Identifiable Information (PII) and potentially Protected Health Information (PHI) for our members. You will be responsible and accountable for maintaining the confidentiality, integrity, and availability of all PII and PHI. Report any suspected identity or HIPAA violation or breach to our HIPAA Privacy and Security Officer.
Career Development & Continuing Education Opportunities: Yes
Benefits
SEIU Healthcare IL Benefit Funds offers competitive compensation and comprehensive benefits package which includes health coverage (medical, dental and vision) for employees and eligible dependents, including a no premium option for employee only; generous time off; and a defined benefit pension plan.
The SEIU Healthcare IL Benefit Funds vision is to create a more just and equitable society that fosters a lifetime of quality healthcare and financial security for all. We hope that our social justice values and the responsibility we take to operate a socially conscious organization align with your professional desire to contribute and serve with purpose.
Diversity, Equity & Inclusion creates a healthier atmosphere: SEIU Healthcare IL Benefit Funds is an Equal Employment Opportunity / Affirmative Action employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, protected veteran status, disability status, sexual orientation, gender identity or expression, marital status, genetic information, or any other characteristic protected by law.
Salary Description
$26.00 - $33.51

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