Pension Technician

at  Saskatchewan Teachers Federation

WHAT WE DO

Working with the Federation is more than a job. It’s about contributing, through your professional background, to quality public education. It’s about providing exceptional programs and services that support Saskatchewan teachers and their profession.

OUR PURPOSE

The Saskatchewan Teachers’ Federation has advanced the interests of teachers and advocated for excellence in public education for more than 80 years. We are a professional organization representing over 13,500 teachers employed in PreK-12 schools across the province who are trusted and respected leaders and partners in education.

WHAT YOU’LL DO

Pension Technicians are responsible for a broad spectrum of pension activities. They are involved in pension administration and financial services. Pension Technicians will also communicate Plan provisions to members.

Responsibilities include:

• Process incoming benefit payments, including purchase of service and voluntary contribution payments.
• Process payout calculations and prepare cheque requisitions.
• Prepare journal entries as required.
• Extract and prepare member data; run the annual member statements for review by senior analyst.
• Complete legislated reports and ensure filings are made in a timely manner as required by the applicable legislation.
• Process monthly pension payments to retired members and related tax reporting.
• Calculate annual pension adjustments, past service pension adjustments; and pension adjustment reversals.
• Reconcile and remit weekly income tax remittances.
• Reconcile quarterly Penfax reports to Accounting.
• Answer inquiries and provides information regarding Plan provisions.
• Meet with members to explain the benefits they are entitled to and what the options are in relation to those benefits in terms of the Plan Text.
• Interpret information to determine a member’s eligibility for benefit entitlements and other pension rights such as purchases of service, transfers to other pension plans, etc.
• Perform benefit estimate calculations for member supporting document packages.
• Review, verify and process school board remittances received by STRP into automated pension administration system.
• Prepare and provide school boards with regular edit/variance reports on incorrect member data.
• Respond to school board inquiries on remittance information.
• Perform monthly contribution reconciliations.
• Update and maintain related sections of the STF Remittance Manual.