Job Description
Join the prestigious U.S. Department of Labor as a Federal Pension Plan Specialist in Cleveland, OH. This critical role ensures compliance with federal retirement regulations while safeguarding retirement security for millions of American workers. Enjoy competitive salaries, comprehensive benefits, and the opportunity to make a lasting impact on public sector retirement systems.
Responsibilities
- Administer federal pension plans under ERISA and OPM guidelines
- Conduct benefit eligibility calculations and retirement counseling
- Develop compliance reports for congressional oversight committees
- Collaborate with OPM and Treasury on retirement policy implementation
- Manage pension fund investments and actuarial projections
- Train federal employees on retirement planning options
- Audit third-party pension administrators for regulatory compliance
Qualifications
- Bachelor's degree in Finance, Actuarial Science, or related field
- 3+ years' experience with federal retirement systems (TSP, FERS)
- Professional certification (CEBS, CFA, or QKA) preferred
- Expertise in ERISA, OPM regulations, and IRS Code 401(a)
- Advanced proficiency in pension administration software (e.g., Milliman, Mercer)
- Ability to obtain Public Trust clearance
- Strong analytical and stakeholder communication skills