Job Description
Join CalPERS, the nation's largest public pension fund with over $500 billion in assets, as a Pension Plan Administrator. Shape the financial future of California's public servants by managing retirement benefits, ensuring compliance with ERISA and state regulations, and delivering exceptional member services. This full-time role offers unparalleled career growth in a mission-driven environment with comprehensive benefits and retirement plans.
Responsibilities
- Administer defined benefit pension plans for 1.9+ million public employees and retirees
- Process retirement applications, benefit calculations, and distribution payments
- Ensure compliance with federal/state pension laws and fiduciary responsibilities
- Develop and implement member communication strategies for complex retirement plans
- Analyze plan financials and prepare actuarial reports for board presentations
- Collaborate with investment and accounting teams on plan sustainability
- Lead training sessions for HR partners and members on retirement benefits
Qualifications
- Bachelor's degree in Finance, Actuarial Science, Public Administration, or related field
- 5+ years of pension plan administration or retirement benefits experience
- Strong knowledge of ERISA, IRS regulations, and California pension statutes
- Advanced proficiency in Excel and pension administration software (e.g., Benefitfocus)
- Series 65 or 63 securities license preferred
- Proven ability to explain complex retirement concepts to diverse audiences
- Experience with public sector pension systems highly desirable
- Strong analytical and problem-solving abilities