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Pension Calculation Jobs (NOW HIRING)

Deloitte

Product Specialist Pension

Richmond, VA · Remote

Defining and maintaining benefit calculation requirements, service purchase and buyback rules, and annuity options, including survivor benefit elections * Developing end-to-end pension process flows ...

Deloitte

Product Specialist Pension

Jacksonville, FL · Remote

Defining and maintaining benefit calculation requirements, service purchase and buyback rules, and annuity options, including survivor benefit elections * Developing end-to-end pension process flows ...

Deloitte

Product Specialist Pension

Rosslyn, VA · Remote

Defining and maintaining benefit calculation requirements, service purchase and buyback rules, and annuity options, including survivor benefit elections * Developing end-to-end pension process flows ...

Deloitte

Product Specialist Pension

Tampa, FL · Remote

Defining and maintaining benefit calculation requirements, service purchase and buyback rules, and annuity options, including survivor benefit elections * Developing end-to-end pension process flows ...

Deloitte

Product Specialist Pension

Lake Mary, FL · Remote

Defining and maintaining benefit calculation requirements, service purchase and buyback rules, and annuity options, including survivor benefit elections * Developing end-to-end pension process flows ...

Deloitte

Product Specialist Pension

Charlotte, NC · Remote

Defining and maintaining benefit calculation requirements, service purchase and buyback rules, and annuity options, including survivor benefit elections * Developing end-to-end pension process flows ...

Deloitte

Product Specialist Pension

Arlington, VA · On-site

Defining and maintaining benefit calculation requirements, service purchase and buyback rules, and annuity options, including survivor benefit elections * Developing end-to-end pension process flows ...

Deloitte

Product Specialist Pension

Raleigh, NC · Remote

Defining and maintaining benefit calculation requirements, service purchase and buyback rules, and annuity options, including survivor benefit elections * Developing end-to-end pension process flows ...

Deloitte

Product Specialist Pension

Boston, MA · Remote

Defining and maintaining benefit calculation requirements, service purchase and buyback rules, and annuity options, including survivor benefit elections * Developing end-to-end pension process flows ...

Deloitte

Product Specialist Pension

Atlanta, GA · Remote

Defining and maintaining benefit calculation requirements, service purchase and buyback rules, and annuity options, including survivor benefit elections * Developing end-to-end pension process flows ...

Deloitte

Product Specialist Pension

Mclean, VA · Remote

Defining and maintaining benefit calculation requirements, service purchase and buyback rules, and annuity options, including survivor benefit elections * Developing end-to-end pension process flows ...

Segal Group

Pension Analyst

Chicago, IL · Hybrid

The Pension Analyst is responsible for the preparation of a variety of benefit calculations which include straight forward benefit calculations, post-Normal Retirement actuarial increase calculations ...

Segal

Pension Analyst

Chicago, IL · On-site

The Pension Analyst is responsible for the preparation of a variety of benefit calculations which include straight forward benefit calculations, post-Normal Retirement actuarial increase calculations ...

Segal Group

Pension Analyst

Chicago, IL · Hybrid

The Pension Analyst is responsible for the preparation of a variety of benefit calculations which include straight forward benefit calculations, post-Normal Retirement actuarial increase calculations ...

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$15

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$39

How much do pension calculation jobs pay per hour?

As of Jun 5, 2026, the average hourly pay for pension calculation in the United States is $25.75, according to ZipRecruiter salary data. Most workers in this role earn between $20.43 and $30.77 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Pension Calculation Specialist, and why are they important?

To thrive as a Pension Calculation Specialist, you need strong mathematical aptitude, attention to detail, and a solid understanding of pension plan regulations, often supported by a degree in finance, mathematics, or a related field. Familiarity with pension administration software, Excel, and sometimes actuarial tools or relevant certifications is typically required. Excellent analytical thinking, problem-solving abilities, and effective communication skills help you interpret complex data and explain pension calculations to clients or colleagues. These competencies are essential to ensure accurate benefit calculations, regulatory compliance, and clear communication with plan participants.

What are some common challenges faced in a Pension Calculation role and how can they be managed?

Professionals in Pension Calculation often encounter challenges such as interpreting complex plan documents, managing frequent regulatory updates, and ensuring absolute accuracy in calculations. Staying current with pension laws and plan amendments is crucial, as errors can significantly impact both the employer and the plan participants. To manage these challenges, it's helpful to develop strong attention to detail, collaborate closely with actuaries and benefits administrators, and leverage specialized pension software tools. Regular training and open communication within the team also contribute to maintaining high standards and reducing mistakes.

What does a Pension Calculation Specialist do?

A Pension Calculation Specialist is responsible for determining the retirement benefits that employees are entitled to receive from their pension plans. They analyze employee data, apply plan rules, and ensure calculations comply with legal and regulatory standards. Their work is essential for providing accurate benefit statements and helping retirees understand their pension options. They often collaborate with HR departments, actuaries, and plan participants to resolve discrepancies and answer questions.

What is the difference between Pension Calculation vs Pension Administrator?

AspectPension CalculationPension Administrator
Primary RoleCalculates pension benefits based on data and formulasManages and processes pension plans, including calculations
Required SkillsMathematical, analytical, knowledge of pension formulasAdministrative, communication, data management
Work EnvironmentFinance or actuarial departmentsHR or pension department
CertificationsActuarial or financial certifications often preferredAdministrative or pension-specific certifications

While Pension Calculation focuses on determining pension benefits using formulas and data analysis, Pension Administrator oversees the entire pension process, including calculations, record-keeping, and customer service. Both roles require understanding pension plans, but their responsibilities differ significantly.

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Pension Calculation jobs near you
Infographic showing various Pension Calculation job openings in the United States as of May 2026, with employment types broken down into 1% As Needed, 93% Full Time, and 6% Part Time. Highlights an 81% Physical, 2% Hybrid, and 17% Remote job distribution, with an average salary of $53,551 per year, or $25.7 per hour.
Pension Administration Senior Specialist

Pension Administration Senior Specialist

Oliver Wyman

Chicago, IL • On-site, Remote

Full-time

Medical, Retirement

Posted 2 days ago

Job description

Pension Administration Senior Specialist

At Mercer a Marsh Business, we make a difference in the lives of more than 110 million people every day by advancing their health, wealth, and careers. We are in the business of creating more secure and rewarding futures for our clients and their employees - whether we are designing affordable health plans, assuring income for retirement or aligning workers with workforce needs.

Mercer is seeking a Pension Administration Senior Specialist. This position may be performed remotely.

What can you expect?

  • Be a leading member of the Calculations and Special Projects team and have an influence on the success and growth of Mercer.
  • The Senior Specialist is responsible for leading special pension administration projects, as well as the completion of pension calculations and the review of plan documents and calculation tools for multiple client teams.

What is in it for you?

  • Work for a global company with excellent benefits and a dynamic culture
  • Excellent growth/advancement opportunity
  • Work with collaborative, intelligent, solutions-focused colleagues who truly care about the work, and each other, while maintaining work-life balance

We will count on you to:

  • Maintain a high level of professionalism and sense of urgency to ensure client expectations are consistently met while acting as a primary contact with clients and Mercer consultants
  • Serve as a subject matter expert on the clients' plans and administrative procedures
  • As Project Manager, lead pension calculation, data, and risk transfer projects and act as point of contact to clients, administration and processing teams
  • Manage special project tasks to ensure project tracks to budget, that project is completed per the terms of the client agreement and that any out-of-scope work is identified and properly accounted for.
  • Deliver quality service to our clients, ensure accuracy and time standards are consistently met
  • Lead and attend team and project calls
  • Master company-based tools and track client projects and processes
  • Manage client business processes and identify areas for continued improvement
  • Act as final reviewer on pension calculations; work with clients and Mercer consultants to clarify any ambiguous calculation provisions
  • Calculate and review qualified and non-qualified benefits, including but not limited to QDROs, 409A, employee contributions, late retirement increases and RMDs.
  • Keep updated on current government regulations/IRS Code
  • Develop and maintain access-based or excel-based calculation checkers for ongoing and special project clients
  • Provide daily, weekly and monthly reports to internal project stakeholders and clients

What you need to have:

  • Bachelor's degree preferred
  • 5-7 years of experience in defined benefit administration
  • Prior experience with project management and client relationship management
  • Strong proficiency with MS Excel and Word (proficiency in MS Access desired)
  • Previous experience developing calculation tools
  • Excellent problem solving and analytical skills; proven ability to identify, research, follow up and resolve issues or problems encountered through project and calculation work
  • Excellent oral and written communication skills

What makes you stand out:

Excellent problem solving and analytical skills; proven ability to research, follow up and resolve issues or problems surfaced by the team.

The base pay offered will be determined on factors such as experience, skills, training, certifications & education.

In addition to the base salary, this position may be eligible for performance-based incentives.

We are excited to offer a competitive total rewards package which includes: health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.

Applications will be accepted until: June 29, 2026

Apply