Pension Management Software

The City of St. Petersburg is seeking a Pension Administration and Management system with a fully SaaS Cloud-based solution to replace a legacy system. The proposed solution must deliver comprehensive, end-to-end pension administration capabilities designed to ensure accurate processing, regulatory compliance, and a high-quality experience for members, retirees, beneficiaries, and plan sponsors. The system should have the ability to import data from the City's HRMS system, create records for first-time hires, close pensioner accounts upon date of death, and export data to third-party vendors. The system should also have a member self-service portal, allow for automated upcoming event notifications, and have ad-hoc reporting capabilities. Some key features of the system include: * Activity Processing and Tracking * Member Maintenance * Eligibility and Enrollment * Benefit Estimates and Calculations * Active Death Benefit Calculation and Processing * Retiree Death Processing * Termination Processing * Retirement Processing * Disability Application Process * Employee Contribution Processing * Communications/Document Management * Reporting * Tech Support * Monthly Pension Payroll * Tax Reporting * Third Party DROP Administration * Member Self-Service.