Retirement & Pension
Majesco V3locity: Pension Administration Platform for Funds and PRT Insurers
Modern Pension Administration for Accuracy, Compliance, and Scale
Public sector, corporate/private, and Taft-Hartley pension organizations operate in high-stakes environments where precision, auditability, and service directly impact member trust and financial integrity. Legacy solutions often rely on manual workarounds, slow responsiveness to plan and regulatory change, and fragmented data, while expectations for digital self-service continue to rise.
Majesco V3locity for Retirement & Pension Administration is a cloud-native, end-to-end platform supporting the full lifecycle from enrollment and vesting to contributions and payouts. Built on a modern API-driven architecture, it enables straight-through processing, easier integration with payroll/HR and financial systems, and configuration-driven adaptability. The results are improved accuracy, scalability, operational efficiency, member experience, and audit readiness.
Reduce Operational Costs
Automate complex administrative processes and eliminate manual workarounds. Majesco V3locity streamlines operations across the pension lifecycle, reducing labor costs, minimizing errors, and lowering overall cost of administration.
Streamline Daily Operations
Simplify and automate core pension workflows—from enrollment and eligibility to benefit calculations and payments. Intelligent process automation and configurable workflows enable teams to work faster, more accurately, and with greater operational efficiency.
Elevate Member and Employer Experience
Deliver modern digital experiences with secure self-service portals and intuitive tools for members, employers, and administrators. Real-time access to information and streamlined interactions improve engagement and service satisfaction.
Make Faster, Data-Driven Decisions
Access real-time data, analytics, and operational insights across your pension ecosystem. Majesco V3locity enables administrators and leadership teams to respond quickly to changing market conditions, regulatory updates, and member needs.
Maintain Continuous Compliance
Stay aligned with evolving regulatory requirements through built-in governance, controls, and auditability. Majesco V3locity supports compliant operations while reducing risk and ensuring transparency across pension administration processes.
Scale with Ease
Adapt effortlessly as your pension operations grow or evolve. Majesco V3locity’s cloud-native architecture, continuous upgrades, and AI-enabled capabilities allow organizations to scale operations, onboard new plans, and support increasing member populations without disruption.
Featured Resources
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
Modern retirement and pension administration software should support the full lifecycle of pension operations, including enrollment, eligibility, contributions, service credit tracking, benefit calculations, payments, reporting, and digital self-service for members and employers. Leading platforms provide configuration-driven plan rules, automated workflows, straight-through processing, and integrated analytics. Cloud-native architecture is increasingly critical to enable scalability, security, continuous upgrades, and easier integration with payroll, HR, and financial systems.
Majesco V3locity uses a configuration-driven rules and calculation engine that allows administrators to manage complex plan provisions without extensive custom development. Organizations can configure eligibility rules, benefit formulas, contribution structures, service credit calculations, and multi-tier plan designs through controlled configuration. This flexibility allows pension administrators to respond quickly to plan amendments, regulatory changes, and evolving benefit structures while maintaining consistent and accurate outcomes.
Majesco V3locity embeds governance controls, audit trails, and traceability across pension administration processes. Configurable workflows enforce operational controls, while transaction history and reporting capabilities provide transparency into calculations, approvals, and system activity. These capabilities help organizations maintain compliance with regulatory requirements while supporting audit readiness and strengthening operational governance.
Majesco V3locity includes modern digital portals that provide secure self-service capabilities for members, retirees, employers, and administrators. Users can access benefit information, submit requests, track status updates, and interact with pension services in real time. These digital capabilities reduce service center workloads while improving transparency, responsiveness, and overall satisfaction for pension stakeholders.
Modern PRT administration platforms should support the full lifecycle of Pension Risk Transfer operations, from onboarding new blocks of business and validating participant data to benefit calculations, payments, compliance, and ongoing policyholder service. Leading platforms provide configuration-driven rules, automation, real-time data access, and API-based integrations to ensure accuracy, scalability, and efficient transaction execution.
Majesco V3locity reduces operational risk by automating high-volume processes and embedding controls directly into workflows. Straight-through processing minimizes manual intervention, while traceability and audit logs provide clear visibility into transactions and decision points. This enables insurers to maintain compliance, improve data accuracy, and strengthen audit readiness across PRT operations.
Majesco V3locity enables rapid onboarding through automation, configurable rules, and scalable processing. Insurers can efficiently transition large participant populations while maintaining data integrity, consistent calculations, and full visibility into the onboarding process.
Majesco V3locity uses configuration-driven calculation engines that support complex benefit structures and plan variations. These rules are applied consistently across all transactions, with embedded controls and traceability ensuring transparency and accuracy throughout the lifecycle of PRT administration.
