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NEOGOV · 12 hours ago

PENSION AND BENEFITS ANALYST

Los Angeles, CA

Full-time

Onsite

Entry Level

$69K/yr - $103K/yr

1+ years exp

NEOGOV is part of the Los Angeles County Metropolitan Transportation Authority, dedicated to providing a world-class transportation system. They are seeking a Pension and Benefits Analyst to perform analytical work in support of pension and benefits administration functions, including overseeing group insurance plans and assisting employees with benefits-related issues.

GovTechHuman ResourcesInformation TechnologySoftware

Responsibilities

Participates in the preparation of the design, Request for Proposal (RFP), written communication instruments, and implementation procedures for Metro's Flexible Benefits Program, which includes Medical, Dental, Vision, Life, and other insurance programs, and Flexible Spending Accounts (FSAs)

Oversees annual review process for all group insurance plans, plan changes, and changes in providers

Meets with group plan providers and benefit consultants to coordinate preparation, printing, and distribution of books, certificates, and contracts for all group plans, and to discuss relevant federal and state legislation that may affect group plans

Prepares and reviews historical data to generate retirement benefit estimates, vested benefits, withdrawals and rollovers, death benefits, pension refunds, and other related information; provides accurate information during personal retirement counseling meetings

Calculates pension benefits by utilizing the concepts of interpolation and actuarial equivalency to verify accuracy of benefit

Designs, coordinates, and implements retirement and financial planning seminars for Metro employees

Assists employees in resolving issues relating to their benefits and/or pension plans

Maintains active and retiree files, and makes necessary updates as reported

Reviews forms, medical documents, and pension documents for accuracy

Provides technical information relating to employee benefit plans for labor negotiations, as needed

Completes benefit surveys from other employers, benefit consulting firms, and healthcare consulting firms

Ensures timely processing of invoice payments for benefits consultants, and Retirement and Financial Planning Seminars

Researches and writes responses to inquiries from executive officers, department heads, employees, consultants, brokers, and account executives

Prepares reports for the Board of Directors, management, and outside agencies

Performs other major projects as assigned by department leadership

Acts as Pension and Benefits Supervisor when assigned

Qualification

Benefits administrationPension calculationsHRIS proficiencyGroup insurance plansFederal regulations knowledgeData analysisEffective communicationProblem-solving

Required

Bachelor's Degree in Business, Public Administration, or a related field

One year of relevant experience in the area of benefits administration; some positions in this class may require specialized experience in area of assignment

A valid California Class C Driver License or the ability to utilize an alternative method of transportation when needed to carry out job-related essential functions

Preferred

Experience administering group insurance plans

Experience communicating plan provisions/procedures including to police or safety personnel

Experience utilizing a Human Resources Information System (HRIS) such as Oracle Advanced Benefit module or others

Experience handling day-to-day administration of California Public Employees' Retirement System (CalPERS) eligibility, enrollments, assignments & payroll

Benefits

Medical/Dental/Vision Plan - Employee has the choice of 3 separate medical plans and 3 dental plans. A separate vision plan is included in each medical plan.

Group Life Insurance - PTSC pays for an amount equal to your annual salary, rounded up to the nearest $1,000. Minimum amount of life insurance is $30,000.

Accidental Death & Dismemberment Insurance - PTSC provides $50,000 coverage for each employee. Additional voluntary coverage in amounts up to $500,000 is available at favorable premium rates.

Long-Term Disability Insurance - 100% employer paid. Provides employees with a minimum income of 60% of earnings after six months of disability. Buy up or buy down options available.

Holidays - 12 days a year: New Year's Day, Martin Luther King, Jr. Day, Presidents' Day, Memorial Day, Independence Day, Labor Day, Veterans' Day, Cesar E Chavez, Juneteenth, Thanksgiving Day, Day After Thanksgiving, and Christmas Day.

Time off with Pay (TOWP) - Compensates employees who are on approved absence from work for reasons such as illness, injury, medical and dental appointments, personal business, vacation, or observance of (a) religious holiday.

Pension Plan - PTSC retirement plan is the Public Employees' Retirement System (PERS). Vesting is five (5) years. Minimum retirement age is 52, based on the 2% at 62 formula.

Other Benefits: Transportation passes for employees and/or eligible dependents; Medicare; Tuition reimbursement; credit union membership; SDI; Deferred Compensation Plan; 401(K) Thrift plan; EAP; Medical and Dependent Care Flexible Spending Accounts; Flexible work schedules; and Jury Duty Pay.