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Pension Calculation Jobs (NOW HIRING)

BeneSys

Pension Coordinator (Tukwila, WA)

Tukwila, WA · On-site

$26/hr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Calculate and perform pension benefit calculations * Analyze and communicate resolutions to participant inquiries via phone or written correspondence * Produce and review standard reports, assist ...

TELUS

$120 - $135/hr

  • Retirement

  • PTO

Pension Paymaster - U.S. Benefits Administration Compliance This role focuses on managing ... Validate benefit calculations and payment outputs in accordance with plan documents and ...

BeneSys

Pension Coordinator I (Portland, OR)

Portland, OR · On-site

$23.55/hr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Calculate and perform pension benefit calculations * Analyze and communicate resolutions to participant inquiries via phone or written correspondence * Produce and review standard reports, assist ...

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Pension Calculation information

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How much do pension calculation jobs pay per hour?

As of Aug 14, 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 is a typical pension calculation?

A pension calculation typically involves determining the retirement benefit based on factors such as years of service, salary history, and a predetermined accrual rate. Pension administrators often use formulas that multiply these factors to estimate the final benefit, which may be adjusted for early or late retirement. Accurate calculation requires understanding of pension plan rules and may involve specialized software or tools.

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.

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.
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Pension Calculation jobs near you
Infographic showing various Pension Calculation job openings in the United States as of August 2026, with employment types broken down into 81% Full Time, and 19% Part Time. Highlights an 91% Physical, 5% Hybrid, and 4% Remote job distribution, with an average salary of $53,551 per year, or $25.7 per hour.

Data Analyst / Actuarial Support Analyst (Retirement & Pension Operations)

ConfigUSA

New Providence, NJ • On-site

$60 - $75/hr

Contractor

Re-posted 16 days ago

Job description

Role: Data Analyst / Actuarial Support Analyst (Retirement & Pension Operations)

Work Location Requirement

  • Candidates must reside within a 50-mile radius of:
    30 Hudson Street, Jersey City, NJ.

Required Qualifications

  • Bachelor’s degree required.
  • Strong analytical and quantitative aptitude.
  • 2+ years of experience in:
    • Data Analysis
    • Actuarial Support
    • Financial Operations
    • Related analytical roles
  • Alternatively, a strong quantitative background with demonstrated problem-solving skills.

Required Skills

  • Proficiency in Microsoft Excel.
  • Experience with data reconciliation.
  • Strong oral and written communication skills.
  • Ability to explain complex concepts to diverse audiences.
  • Strong accountability, sound judgment, and positive attitude.
  • Ability to work independently and collaboratively within a team environment.
  • Comfortable working in a fast-paced, cross-functional setting.

Preferred Skills

  • Familiarity with:
    • SQL
    • Python
    • Other data analysis tools
  • Experience with defined benefit pension plans.

Key Responsibilities

  • Learn and apply provisions of group annuity contracts.
  • Perform related mathematical and financial calculations.
  • Partner with actuarial, technology, and service teams.
  • Analyze and reconcile data to support retirement and pension-related operations.
  • Translate technical work into real-world retirement outcomes.
  • Support cross-functional business initiatives and operational processes.

Soft Skills

  • Strong problem-solving ability.
  • Curiosity and willingness to learn.
  • Motivation to understand business impacts of technical work.
  • Flexibility and adaptability.
  • Team-oriented mindset.