Retirement & Pension
Retirement and Pension Administration Software
Modernize Core Retirement and Pension Administration and Streamline End-to-end Pension Risk Transfer Operations
Organizations managing retirement and pension administration operate in complex, high-stakes environments where accuracy, compliance, and efficiency are critical to member trust and financial integrity. This includes public and private retirement organizations, Taft-Hartley funds, and insurers managing pension risk transfer (PRT) portfolios.
Administrators must navigate complex plan provisions, evolving regulations, high transaction volumes, and rising expectations for digital self-service all while controlling cost and risk.
Modernization requires more than replacing legacy systems. It demands an end-to-end platform that automates the full lifecycle from enrollment and contributions to benefit calculations and payouts while enabling configuration-driven flexibility, automation and real-time visibility.
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Optimize with End-to-End Administration and Payments
Optimize with End-to-End Administration and Payments
Operational excellence across the full retirement and pension lifecycle on one platform, including enrollment, payroll reporting and contributions, service credit management, service purchases and buybacks, benefit calculations and recalculations, revisions, and payments. Optimize and consolidate administration, engagement, and operational insight into a single system of record so teams can scale consistently and serve members with confidence.
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Flexibility with Configurable Plan Rules and Provisions
Flexibility with Configurable Plan Rules and Provisions
Administer complex plan designs with configuration-driven flexibility, not custom code. Support tiers, classes, eligibility and service rules, multiemployer structures, and plan variations with consistent outcomes using a unified rules, calculation, and workflow approach. Respond faster to policy and regulatory change while reducing operational friction and rework.
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Real-time Insights and Reporting
Real-time Insights and Reporting
Leverage dashboards and reporting that provide real-time visibility into member activity, work queues, transaction volumes, and operational performance. Consolidated insights empower teams to spot trends, improve service levels, strengthen governance, and make informed decisions without chasing data across disconnected systems, accelerating reporting cycles from weeks to hours and enabling faster, more confident operational decisions.
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Integration Ease and Scalable Cloud Architecture
Integration Ease and Scalable Cloud Architecture
Enable easier integration with payroll, HR, and financial systems through modern APIs to streamline data exchange and support straight-through processing. A cloud-native SaaS foundation supports scalability, resilience, enhanced security, and continuous innovation, so you stay current without disruptive upgrade cycles.
- Optimize with End-to-End Administration and Payments
- Flexibility with Configurable Plan Rules and Provisions
- Real-time Insights and Reporting
- Integration Ease and Scalable Cloud Architecture
Retirement & Pension Solutions
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Blog
Modernizing Retirement & Pension Administration
The Strategic Shift in Retirement and Pension Administration Retirement and pension administrators are navigating a period of accelerated transformation. Demographic shifts, regulatory complexity, cybersecurity risk, digital engagement expectations, and rapid advances in cloud and AI technologies are reshaping how retirement and pension services are delivered. Across public sector, private, and multiemployer environments, one conclusion is…
Blog
Why Retirement and Pension Administrators Are Modernizing on the Cloud Now – The Business and Member Value Operational Efficiency, Security, Scalability and Member Engagement
Retirement and pension administration is well into a structural transformation phase. Public pension systems, Taft-Hartley funds, corporate retirement plans, and insurers supporting Pension Risk Transfer (PRT) are facing a convergence of pressures: demographic expansion, increasing regulatory oversight, heightened cybersecurity risk, increasing operational efficiency pressures, and rising expectations for digital member engagement. These structural trends are…
FAQ
Retirement & pension and pension risk transfer administration software supports the full lifecycle of pension operations for public, private and Taft-Hartley plans as well as pension risk transfer insurers including enrollment, contributions, service credit, benefit calculations, payments, workflows, compliance controls, reporting, and digital self-service for members and employers.
Pension Risk Transfer (PRT) is a transaction in which a company or plan sponsor transfers the obligation to pay pension benefits to an insurance carrier. The insurer assumes responsibility for administering and funding those benefits going forward, typically through a group annuity contract. PRT volume has grown significantly as plan sponsors seek to reduce balance sheet risk and administrative complexity. Majesco V3locity supports PRT insurers with a cloud-native pension administration platform built for the operational demands of these transactions, including scalable participant onboarding, complex benefit calculation and validation, configurable workflows, and ongoing policyholder administration at scale.
Modern pension administration software should manage the full plan lifecycle on a single system of record, from enrollment and contributions through benefit calculations and payments, without relying on custom code or manual workarounds. Key capabilities include configuration-driven plan rules that adapt to regulatory change, straight-through processing to reduce manual intervention, real-time reporting and audit trails, and API-based integration with payroll, HR, and financial systems. For insurers administering pension risk transfer portfolios, scalable participant onboarding and data validation are additional requirements. Cloud-native SaaS architecture ensures continuous updates, security, and scalability without disruptive upgrade cycles.
