The Maryland State Retirement Agency (SRA) is a multiple-employer, public employees' retirement system composed of 12 separate retirement and pension systems with additional plan components, covering approximately 225,000 plan participant records and more than 170,000 retirees and beneficiary payment records maintained on the Agency's active membership and retired data base files. The Deputy Director of Special Projects Unit is a highly skilled managerial position. This position assists the Benefits Administrative Division in the development, implementation, and execution of Agency policies, programs, plans, and procedures, and provides administrative oversight to ensure fiduciary obligations of the system are met. Additionally, this position is responsible for assisting with the oversight of the Special Project Unit's staff and responsibilities, including: administrative division voucher disbursements exceeding $1.6 billion annually, the Deferred Retirement Option Program (D.R.O.P.) applicable to the State Police and Law Enforcement Officers Pension Systems, the disability claim process, including the intake of claims and facilitation of Medical Board review meetings and submission of claims to the Board of Trustees for final approval, as well as the Direct Deposit process for retirees. In addition this position is responsible for assisting in the oversight of , calculating complex benefits calculations (e.g. IRC 415) to ensure Agency compliance with federal and tax pension and tax laws, designing automated spreadsheets/solutions to efficiently solve complex benefit issues, monthly death match audits, annual audits for the Overseas and Over 95 populations, annual earnings limitation audit, locating potential retirees and former members that need to withdraw their funds, monthly audit of membership records of retirees, developing and retaining the Administrative Division's calculation manual, and review of Power of Attorney documents submitted by our members and retirees. This position works closely with the Director of Special Projects in providing direction, control, and program management to ensure that the unit operations meet the Agency mission statement of efficiently and effectively administering the benefits provided by retirement law and providing timely, current and correct benefit information. The position requires a highly motivated individual with an expert level knowledge of pension laws, pension tax requirements, broad technical knowledge of automated information system processing requirements and operations, strong analytical and research skills, and highly developed oral and written communication skills
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Job Type
Full-time
Career Level
Manager
Industry
Executive, Legislative, and Other General Government Support
Number of Employees
101-250 employees