eGuide
Majesco V3locity for Retirement & Pension Administration
Modern Pension Administration for Public, Private, and Taft-Hartley Plans
Public sector, corporate/private, and Taft-Hartley pension organizations operate in complex, high-stakes administration environments where accuracy, compliance, and operational efficiency directly impact member trust, financial integrity, and regulatory accountability. Administrators must manage intricate plan provisions, evolving regulatory demands, high transaction volumes, and increasing expectations for customer digital engagement — all while controlling cost and operational risk.
Legacy pension solutions are not built for today’s modern demands. They are plagued by lack of access to data, limited automation with manual workarounds, slow responsiveness to regulatory or plan changes, and increased operational friction and cost due to manual processes, inconsistent calculations, and heightened audit and cybersecurity exposure. At the
same time, members, retirees, employers, and sponsors expect intuitive digital experiences, faster service, and transparent access to information.
Majesco V3locity for Retirement & Pension Administration meets the demands of this new modern reality.
The cloud-native, end-to-end platform supports the full lifecycle from enrollment to vesting, contributions, and payouts of defined benefit and defined contribution pension administration across public sector, private corporate, and multiemployer (Taft-Hartley) plans. Majesco V3locity provides a cohesive platform that empowers employer onboarding, contributions and payroll integration, service credit management, benefit calculations, payments, and ongoing retiree and member administration.
Built on a modern API-driven architecture, Majesco V3locity enables straight-through processing, ease of integration with HR, payroll, and financial systems, and rapid adaptability without custom code complexity. The results are improved accuracy, operational scalability, audit readiness, operational efficiency, and a foundation for continuous innovation.
By combining deep retirement and pension domain expertise with advanced cloud technology,
Majesco V3locity empowers retirement and pension organizations to modernize confidently today while positioning for the future of pension and retirement.
Business Value at-a-Glance
Scale with Confidence
Adapt to changes in plan size and complexity, including multiemployer environments, with continuous upgrades and advanced capabilities in a cloud-native SaaS model designed to reduce technology obsolescence.
Operational Efficiency
Automation and straight-through processing reduce manual effort and minimize errors, while providing quality and consistency across high-volume transactions and life events.
Streamlined Operations
Simplified workflows support enrollment, payroll, and benefit administration across the pension lifecycle with integrated workflow, rules, and reporting that improve consistency and control.
Improved Member and Employer Experience
Digital self-service portals enhance satisfaction for members, retirees, and employers with faster access to information, submissions, and status visibility.
Faster, Better Decisions
Real-time insights and analytics support timely, informed decision-making with access to the data and consolidated reporting.
Built-In Compliance and Audit Readiness
Embedded regulatory controls support audit readiness and reduce operational risk by improving traceability and operational governance in one system of record.
Core Capabilities
End-to-End Retirement & Pension Administration
Comprehensive lifecycle support including registrations, enrollments, payroll reporting, contributions, withdrawals and transfers, service purchases and buybacks, benefit calculations, revisions, and ongoing member and retiree administration. Designed to consolidate core administration, engagement, and analytics on one platform.
Operational Efficiency with Automated Processing and Controls
Straight-through processing minimizes manual intervention, improves accuracy, and accelerates high-volume pension transactions. Supports modernization and continuous optimization of workflow management to improve satisfaction and operational performance.
Optimized Workflow and Case Management
Built-in workflow, imaging, and case management provide administrators with a complete, 360-degree view of each member. Reduces handoffs and improves service consistency by unifying work management with the member record.
Adaptability with Configurable Plan Rules and Provisions
Support complex defined benefit plan designs across tiers, classes, service rules, and multiemployer structures without custom code. Configuration-driven flexibility enables rapid response to policy and regulatory change. A unified rules, calculation, and workflow engine supports cross-functional configuration and consistent outcomes.
Integrated Digital Employer and Member Experiences
Digital self-service portals enable members and employers to access information, submit data, and manage interactions efficiently. Meets rising expectations for effortless digital engagement and self-service.
Cloud-Native Platform with Continuous Innovation
SaaS-based architecture enables modernization and consolidation while delivering continuous updates, new capabilities, and enhanced security.
Why Majesco?
Proven Retirement & Pension Expertise
Decades of experience supporting large-scale public sector systems, corporate defined benefit plans, and complex multiemployer Taft-Hartley environments.
Built for Change
A configurable, modular solution enables organizations to adapt to evolving policies, demographics, and operational demands without costly redevelopment. Designed to incorporate new requirements and capabilities faster than legacy, manual, and fragmented environments.
Business-Driven Modernization
More than system replacement, Majesco V3locity delivers a unified platform that connects administration, engagement, and data to support transformation and business value.
Enterprise-Grade Security and Reliability
Cloud-native design with robust cybersecurity safeguards protects sensitive data while ensuring system availability and resilience.
Modern retirement and pension administration demands accuracy, transparency, and flexibility at scale. Majesco V3locity provides the operational foundation public, private, and Taft-Hartley retirement organizations need to modernize confidently and serve members today and into the future.
The pension risk transfer market is expanding quickly, raising the bar for speed, scale, and flawless execution. Majesco V3locity provides the operational foundation institutional organizations need to modernize with confidence, execute deals efficiently, operate efficiently, compete aggressively, and support future growth.
Contact Us to Take the Next Step
Learn more at www.majesco.com
Contact us to explore how Majesco V3locity can support your retirement and pension modernization strategy.