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Pension Manager Jobs in California (NOW HIRING)

Pension Supervisor

Los Angeles, CA · On-site

$75K - $85K/yr

Pension Supervisor Overview: Under limited supervision, the Pension Supervisor will work with the Pension Department Leadership to oversee their assigned pension team in relation to administering ...

... for our institutional pension fund clients. In addition, this involves preparing financials ... Other activities as may be assigned by your manager Qualifications/ Requirements: * Bachelor ...

Financial Advisor

Bakersfield, CA · On-site

$50K - $100K/yr

... pension education seminars at school sites during school hours • Enroll clients in 403(b), 457(b ... management The Lead Generation System That Works Scheduled Presentations (Your Primary Lead Source ...

Financial Advisor

Mountain View, CA · On-site

$50K - $100K/yr

... pension education seminars at school sites during school hours • Enroll clients in 403(b), 457(b ... management The Lead Generation System That Works Scheduled Presentations (Your Primary Lead Source ...

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Pension Manager information

See California salary details

$27.1K

$80.6K

$135.7K

How much do pension manager jobs pay per year?

As of Sep 4, 2026, the average yearly pay for pension manager in California is $80,607.00, according to ZipRecruiter salary data. Most workers in this role earn between $49,300.00 and $115,000.00 per year, depending on experience, location, and employer.

What does a pension manager do?

A Pension Manager oversees the administration and management of pension plans within an organization. Their responsibilities include ensuring compliance with legal regulations, managing pension fund investments, and communicating benefits information to employees. They also work closely with actuaries, auditors, and other financial professionals to maintain the long-term health of the pension fund. The role requires strong analytical, communication, and organizational skills.

What are some typical challenges a pension manager faces when managing multiple pension schemes?

A Pension Manager often encounters challenges such as keeping up with changing regulations, ensuring compliance across various pension schemes, and managing the expectations of both employees and employers. Balancing the needs of different stakeholders while maintaining accurate records and timely communications is essential. Additionally, Pension Managers must stay updated on financial markets and investment options to ensure the long-term sustainability of pension funds.

What are the key skills and qualifications needed to thrive as a pension manager, and why are they important?

To thrive as a Pension Manager, you need expertise in pension scheme administration, financial analysis, regulatory compliance, and typically a degree in finance or a related field. Familiarity with pension management software, actuarial systems, and industry certifications such as PMI qualifications are commonly required. Strong communication, leadership, and analytical problem-solving skills help Pension Managers effectively guide teams and liaise with stakeholders. These abilities are crucial for ensuring pension plan integrity, regulatory compliance, and the financial security of beneficiaries.

What is the difference between Pension Manager vs Pension Analyst?

AspectPension ManagerPension Analyst
CredentialsOften requires certifications like CEBS or actuarial credentialsTypically holds degrees in finance, economics, or actuarial science; certifications like CFA or actuarial exams are common
Work EnvironmentManages pension plans, oversees team, interacts with clients and stakeholdersAnalyzes pension data, prepares reports, supports decision-making
Employer & Industry UsageFound in financial services, pension funds, large corporationsEmployed in investment firms, consulting, pension plan providers

While both roles focus on pension plans, Pension Managers oversee entire pension operations and client relationships, whereas Pension Analysts concentrate on data analysis and reporting to support pension strategies.

What are the most commonly searched types of Pension jobs in California?

The most popular types of Pension jobs in California are:

What are popular job titles related to Pension Manager jobs in California?

For Pension Manager jobs in California, the most frequently searched job titles are:

What job categories do people searching Pension Manager jobs in California look for?

The top searched job categories for Pension Manager jobs in California are:

What cities in California are hiring for Pension Manager jobs?

Cities in California with the most Pension Manager job openings:

Infographic showing various Pension Manager job openings in California as of August 2026, with employment types broken down into 90% Full Time, 9% Part Time, and 1% Contract. Highlights an 81% Physical, 2% Hybrid, and 17% Remote job distribution, with an average salary of $80,607 per year, or $38.8 per hour.

$80K - $110K/yr

Full-time

Retirement

Posted 16 hours ago

Posted today


Job description

SUMMARY: The Benefits Specialist-Pension is responsible for the financial reconciliation and month-end balancing of all pension benefit payments issued by the Fund. This role ensures the accuracy and integrity of pension payables to retirees, beneficiaries, and alternate payees. The position is not participant-facing and focuses exclusively on financial reconciliation, payment accuracy, tax reporting integrity, overpayment tracking, and compliance-related adjustments.


ESSENTIAL DUTIES AND RESPONSIBILITIES:

Management reserves the right to assign additional responsibilities as needed to meet operational requirements.

  1. Reconcile all monthly pension payroll totals, including new awardees and existing payees.
  2. Balance gross benefit payments, tax withholdings, levies, adjustments, and net disbursements.
  3. Validate totals against system-generated reports and general ledger records.
  4. Ensure accurate integration of new awards into ongoing pension payroll.
  5. Prepare detailed reconciliation schedules to support month-end close.
  6. Maintain tracking logs for pension overpayments.
  7. Monitor participants on repayment plans, including those related to suspensible employment (working over allowable hours).
  8. Reconcile repayment activity against outstanding balances.
  9. Track benefit suspensions, recoupments, and reinstatements for financial accuracy.
  10. Coordinate with Pension Management to ensure proper financial recording of recoupment activity.
  11. Provide periodic reporting on outstanding overpayment balances, process and reconcile federal and state tax withholdings, IRS levies and garnishments, court-ordered payments and benefit adjustments and retroactive corrections.
  12. Ensure all financial changes are accurately reflected in payroll and accounting records.
  13. Investigate and resolve payment discrepancies.


EDUCATION and/or EXPERIENCE

  1. High School diploma or GED required. 
  2. Associate’s or bachelor’s degree in Accounting, or related field or a combination of education and experience. 
  3. 2+ years of experience in pension administration preferred.
  4. 2+ years of Pension & Reconciliation experience, preferably within a pension plan.
  5. Experience in financial reconciliation, payroll balancing, or accounting support preferred.
  6. Strong understanding of general ledger and reconciliation processes.
  7. High level of accuracy and attention to detail.
  8. Advanced Excel proficiency.
  9. Ability to manage large volumes of financial data.
  10. Prior experience in pension administration, multiemployer plans, or Taft-Hartley environment preferred.
  11. Familiarity with suspendible employment rules or benefit recoupment processes preferred.
  12. CEBS certification is required. If not currently obtained, employees must complete the certification within two years of employment and fulfill all continuing education requirements necessary to maintain the certification.