Retirement & Pension
Retirement & Pension and Pension Risk Transfer Software
Modernize pension operations with accuracy, compliance, and scale
Retirement and pension organizations operate in complex, high-stakes environments where accuracy, compliance, and operational efficiency directly impact member trust and regulatory accountability. Legacy platforms often rely on manual workarounds, inconsistent calculations, and fragmented data, which slows responsiveness to plan and regulatory change and increases operational risk.
Majesco V3locity for Retirement and 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, integration with payroll, HR, and financial systems, and rapid adaptability without custom code complexity. The result is improved accuracy, operational scalability, audit readiness, and a foundation for continuous innovation.
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Accelerate Modernization
Accelerate Modernization
Replace manual processes and disconnected tools with a unified platform that supports end-to-end retirement and pension administration, from onboarding through ongoing member and retiree service.
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Scale with Confidence
Scale with Confidence
Adapt effortlessly to changes in your pension plan’s size with Majesco V3locity’s cloud platform, upgrades and advanced capabilities.
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Redefine Operational Efficiency
Redefine Operational Efficiency
Automate and streamline administrative processes to significantly cut operational costs, improve quality and member experience.
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Deliver Digital Self-service
Deliver Digital Self-service
In a digital-first world, customers and members expect fast, secure, and intuitive access to their information. Modern self-service capabilities empower them to manage their accounts, complete transactions, and access information anytime, anywhere.
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Strengthen Governance and Audit Readiness
Strengthen Governance and Audit Readiness
Stay up-to-date with regulatory requirements and minimize the risk of penalties and fines with Majesco V3locity’s built-in compliance features, all within a robust pension administration software designed for evolving market needs.
- Accelerate Modernization
- Scale with Confidence
- Redefine Operational Efficiency
- Deliver Digital Self-service
- Strengthen Governance and Audit Readiness
Pension & Retirement Solutions
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 platforms should support the full lifecycle of pension operations, including enrollment, service credit, contributions, benefit calculations, payments, reporting, compliance monitoring, and digital self-service. A modern platform should also provide configuration-driven plan rules, automation, real-time data access, and API-based integrations with payroll, HR, and financial systems. These capabilities allow administrators and insurers to operate with greater accuracy, scale operations efficiently, and adapt quickly to regulatory or plan design changes.
Majesco V3locity reduces operational risk by automating high-volume administrative processes and embedding controls directly into workflows. Straight-through processing minimizes manual intervention and reduces calculation inconsistencies, while traceability and audit logs provide clear visibility into transactions and decision points. This governance framework helps retirement administrators and insurers maintain compliance, improve data accuracy, and strengthen audit readiness.
Majesco V3locity is built on a cloud-native SaaS architecture designed to scale as plans grow in size and complexity. The platform supports multiemployer environments, large participant populations, and high-volume transaction processing without requiring custom infrastructure expansion. For insurers participating in Pension Risk Transfer transactions, the system enables efficient onboarding of large participant blocks while maintaining consistent calculations, governance, and operational control.
Digital self-service portals allow members, retirees, employers, and administrators to securely access information, submit requests, track status updates, and manage transactions online. By providing intuitive and secure digital experiences, organizations can reduce call center volumes, accelerate request processing, and improve transparency. These capabilities help retirement systems deliver the modern digital experience that participants increasingly expect.
Cloud-native SaaS platforms eliminate the limitations of legacy systems that require periodic upgrades and costly infrastructure maintenance. With continuous updates, enhanced security controls, and built-in scalability, organizations can remain current with regulatory requirements and technological innovation without disruptive system overhauls. This approach reduces total cost of ownership while providing a stable foundation for long-term pension and retirement administration operations.
Administration technology plays a critical role in the success of Pension Risk Transfer transactions. When insurers assume pension liabilities, they must onboard large populations of participants, validate historical data, calculate benefits accurately, and ensure uninterrupted payments and service. A modern pension administration platform provides automation, data governance, and scalable processing capabilities that enable insurers to operationalize PRT transactions efficiently while maintaining accuracy and regulatory compliance.
V3locity uses configuration-driven plan rules and calculation engines that support complex benefit formulas, service credit structures, and plan variations. These rules are applied consistently across the platform, reducing the need for manual intervention and minimizing calculation discrepancies. Embedded controls and traceability provide transparency into calculation logic and outcomes, helping insurers maintain accuracy and confidence when administering transferred pension liabilities.
V3locity uses configuration-driven plan rules and calculation engines that support complex benefit formulas, service credit structures, and plan variations. These rules are applied consistently across the platform, reducing the need for manual intervention and minimizing calculation discrepancies. Embedded controls and traceability provide transparency into calculation logic and outcomes, helping insurers maintain accuracy and confidence when administering transferred pension liabilities.
