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Pension Calculation Jobs (NOW HIRING)

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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Pension Calculation information

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How much do pension calculation jobs pay per hour?

As of Jul 2, 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.

How to get 50,000 monthly pension?

A pension calculation professional can help determine how to achieve a 50,000 monthly pension by assessing factors such as contribution amounts, investment returns, and retirement age. Typically, reaching this level requires consistent contributions over a long period, investment growth, and possibly additional savings or pension plans. Familiarity with financial planning tools and pension regulations is essential for accurate calculations.

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.

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.

How much is a $100,000 per year pension worth?

A pension of $100,000 per year is typically valued based on factors like the expected duration of payments, discount rate, and inflation adjustments. Using a common discount rate of 3-4%, the present value of such a pension could range from approximately $2.5 million to $3.3 million. Pension valuation often requires actuarial calculations and understanding of specific plan terms.

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 jobs pay you a pension?

Jobs in the public sector, such as government employees, teachers, and police officers, often offer pension plans as part of their benefits. Many large corporations and unionized roles also provide pensions, especially for long-term employees, while private sector jobs increasingly favor retirement savings plans like 401(k)s over traditional pensions.

How much will I get from a $100,000 pension?

The amount a pension pays from a $100,000 fund depends on factors such as the pension plan type, payout options, interest rates, and the age at retirement. Typically, pension plans convert the lump sum into regular payments based on life expectancy and actuarial calculations. Consulting with a financial advisor or pension administrator can provide a more precise estimate tailored to your specific plan and circumstances.
More about Pension Calculation jobs
What cities are hiring for Pension Calculation jobs? Cities with the most Pension Calculation job openings:
Infographic showing various Pension Calculation job openings in the United States as of June 2026, with employment types broken down into 94% Full Time, and 6% Part Time. Highlights an 78% Physical, 3% Hybrid, and 19% Remote job distribution, with an average salary of $53,551 per year, or $25.7 per hour.
Manager, Pension Calculation Administration

Manager, Pension Calculation Administration

Willis Towers Watson

Remote

$75K - $110K/yr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 7 days ago


Willis Towers Watson rating

8.3

Company rating: 8.3 out of 10

Based on 43 frontline employees who took The Breakroom Quiz

39th of 146 rated financial services


Job description

Pension Outsourcing Benefits Manager

In this challenging role as a Pension Outsourcing Benefits Manager, you will contribute as part of a team to the entire range of retirement administration activities, primarily focused on complex pension calculations and other related activities. If you're looking for an exciting role, with one of the leaders in the defined benefit outsourcing business and the opportunity to grow and develop your career, apply now!

In this role you will serve as a technical leader and subject matter expert to the internal team and our clients, trouble shoot issues, create client deliverables, contribute to client management and participate in the creation of new intellectual capital.

This role can be held remotely from any location in the United States.

Note that visa employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.

The Role
  • Enhance your knowledge of all aspects of retirement plan administration
  • Enjoy a well-defined career path with opportunities for growth and advancement
  • Leverage the most cutting-edge tools and resources and some of the world's experts in retirement plan design, management and pension administration
  • Deliver superior, consistent client management and deliverables in support of a Director for assigned clients:
  • Serve as primary, daily contact to clients on delivery of calculation related issues services and raise appropriate issues to Directors
  • Interface with colleagues from other practices and regions on assignments that reflect the client's broader business issues
  • Develop a trusted advisor relationship with client contacts through effective communication and efficient, quality execution of projects
  • Manage a diverse set of pension administration services individually and through team initiatives
  • Review complex pension benefit calculations in accordance with plan provisions, Internal Revenue Code, ERISA, and other legal regulations (e.g. transfers, QDRO's)
  • Review pension benefit commencement packages
  • Ensure that work of self and team is delivered in accordance with professional and work excellence standards
  • Deliver formal and informal process training to both team members and client contacts
Qualifications

The Requirements

  • Bachelor's degree or prior benefits administration experience required.
  • 5 or more years' of calculation experience in administration of defined benefit plans, preferably gained in a benefits consulting environment; experience in implementation of pension outsourcing processes a plus
  • Must have experience collaborating with other colleagues in different countries
  • Excellent written and verbal communication skills
  • Proven experience successfully managing multiple team projects simultaneously and producing quality deliverables on time and within budget
  • Experience mentoring and developing junior staff
  • Demonstrated success in managing client issues and relationships with some experience in growing relationships with current clients
  • Strong interpersonal and team skills
  • Flexibility and proven ability to diagnose and resolve issues; strong client service orientation
  • Proficient in Microsoft Office Excel
  • Ability to work independently and on client teams in a fast-paced environment
  • Sense of accountability; owning one's work and taking pride in it
  • Self-motivated
  • Ability to travel and work extended hours as needed

Compensation and Benefits

Base salary range and benefits information for this position are being included in accordance with requirements of various state/local pay transparency legislation. Please note that salaries may vary for different individuals in the same role based on several factors, including but not limited to location of the role, individual competencies, education/professional certifications, qualifications/experience, performance in the role and potential for revenue generation (Producer roles only).

Compensation

The base salary compensation range being offered for this role is $75,000 to $110,000 USD per year.

The role is also eligible for an annual short-term incentive bonus.

Company Benefits

WTW provides a competitive benefit package which includes the following (eligibility requirements apply):

  • Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Group Accident, Group Critical Illness, Life Insurance, AD&D, Group Legal, Identify Theft Protection, Wellbeing Program and Work/Life Resources (including Employee Assistance Program)
  • Leave Benefits: Paid Holidays, Annual Paid Time Off (includes paid state/local paid leave where required), Short-Term Disability, Long-Term Disability, Other Leaves (e.g., Bereavement, FMLA, ADA, Jury Duty, Military Leave, and Parental and Adoption Leave), Paid Time Off
  • Retirement Benefits: Contributory Pension Plan and Savings Plan (401k). Certain senior level roles may also be eligible for non-qualified Deferred Compensation and Deferred Savings Plans.

Pursuant to the San Francisco Fair Chance Ordinance and Los Angeles County Fair Chance Ordinance for Employers, we will consider for employment qualified applicants with arrest and conviction records.

EOE, including disability/vets

This position will remain posted for a minimum of three business days from the date posted or until sufficient/appropriate candidate slate has been identified.


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