Job Details
ROLE DESCRIPTION
• To support the Assistant Pensions Team Manager in the day to day operation of the LBHF Pension Service, which includes monitoring the pension administrator’s performance against set criteria.
• To undertake a range of administrative duties in relation to the pension function, including the provision and checking of information to support the accurate maintenance of scheme member records, and to monitor and assist employers in fulfilling their obligations to the pension fund.
• To provide administrative support to the Assistant Pensions Team Manager or Head of Pensions as required.
ABOUT THE ROLE
You will need to:
• Calculate and check redundancy payments where required. In the case of early retirements, provide relevant data to the pensions administrator to enable them to calculate pension benefits and costs to the employer, and liaise with any other parties as necessary to support the accurate and timely provision of this information.
• Advise the pensions administrator of pay to be used in the calculation of child related absence, sickness, strike and leave of absence, and to perform / check any calculations as required.
• Ensure that any new employers or admitted bodies are on boarded into the Fund in accurately and timely manner
• Control, monitor and reconcile the LGPS employee and employer contributions for employing and admitted bodies, schools and academies with external payroll providers, and resolve any discrepancies.
• Ensure that employers and their payroll administrators are correctly administrating AVC deductions, and that necessary information is provided to AVC schemes and members where required in a timely and accurate way.
• Assist the Assistant Pensions Team Manager in maintaining records to provide accurate data for the purposes of system control, monitoring of performance indicators and benchmarking.
• Retrieve archived records to provide information or resolve issues from members, contractors, employees, ex-employees, employers, pensions and financial providers, government agencies and any other third parties as necessary.
• Check pensions payroll data for new pensioners, deaths, beneficiaries, and adjustments to pension, and resolve any discrepancies.
• Provide training / guidance as necessary to payroll administrators in relation to the administration of the LGPS by scheme employers and their agents.
ABOUT YOU
Knowledge & Skills:
• Develop and maintain a sound knowledge of the Local Government Pension Scheme (LGPS) Regulations, Teachers Pension Scheme (TPS), Discretionary Payments Regulations, the State Pension Scheme, and HM Revenue & Customs (HMRC) and The Pensions Regulator requirements in respect of pensions.
• Assist the Assistant Pensions Team Manager in maintaining statistical data to monitor the performance of the pension administrator, which includes records of payments to and from the Pensions Fund and the accuracy of LGPS deductions from scheme members’ pay as calculated by employers.
• Liaise with scheme employers to ensure that they meet their responsibilities in respect of the accurate and timely provision of all necessary pension information to the administering authority.
• Where required, to provide details to the pension administrator of LGPS starters, leavers, contractual hours changes, absence and all other relevant changes which impact on pension entitlements, and to monitor the pension administrator to ensure accurate record maintenance.
• Calculate and check that pensionable remuneration has been correctly determined for deferred retirement benefits, actual retirement benefits, interfund adjustments and any other transfer values or benefits.
• Prepare payment vouchers for authorisation of retirement grants, contribution refunds, transfers, and death grants to generate timely payments.
• Ensure the timely payment of third-party supplier invoices including for the administrators.
• Calculate and check redundancy payments where required. In the case of early retirements, provide relevant data to the pensions administrator to enable them to calculate pension benefits and costs to the employer, and liaise with any other parties as necessary to support the accurate and timely provision of this information.
• Advise the pensions administrator of pay to be used in the calculation of child related absence, sickness, strike and leave of absence, and to perform / check any calculations as required.
• Ensure that any new employers or admitted bodies are on boarded into the Fund in accurately and timely manner
If you are interested in this role please do reach out to me via email or telephone!
amberrayment@carringtonblakerecruitment.com
020 753 766 07
