RETIREMENT GENERALIST

New Hampshire Retirement System•Concord, NH

65d

About The Position

This position is in the union and is assessed at band G. NHRS is hiring this position in the range of $22.00-$25.00 per hour (full band G range is $22.06-$33.07). The scope of work involves preparing, verifying, and processing medical insurance subsidy, premium deductions, and coverage changes for retired members, spouses, and dependents to ensure accurate payment to NHRS participating employers and other healthcare plan administrators. It also includes preparing, verifying, and reconciling retiree and survivor benefit payroll, and coordinating the processing of survivorship benefits.

Requirements

Associates degree in accounting or other related field.
Two years bookkeeping or accounting experience.

Nice To Haves

Education may be substituted for additional years of experience.
Experience may be substituted for additional years of education.

Responsibilities

Audits monthly retiree payroll transactions for terminations, additions and changes according to policy and procedures. Processes adjustments into business software.
Implements and/or certifies all insurance vendor rate changes and provides results for use in reconciliation of monthly insurance payroll transactions.
Audits and processes insurance premiums and subsidy enrollments and changes in coverage status; updates insurance vendor account records accordingly.
Compiles payroll worksheets for use in reconciliation of data recorded into NHRS business software.
Reviews and verifies changes to retiree insurance records for insufficient funds, type and level status, premiums, employer supplements and subsidy amounts. Processes any necessary corrections and coordinates retiree communication with employers/Third Party Administrators (TPA).
Verifies existence of medical subsidy certifications for eligible member, monitors and updates yearly eligibility status.
Contacts employers and healthcare administrators as needed for Medicare eligibility forms.
Investigates complex issues discovered during employer insurance audit to ensure statutory compliance.
Records routine retiree account maintenance (i.e., retiree address changes, changes in withholding tax status, retiree, spouse and dependent information relative to retiree medical insurance).
Process post-retirement beneficiary changes to business software.
Computes and records specific court-ordered payroll adjustment for Qualified Domestic Relations Orders, Gainful Occupation and Workers Compensation. Calculates and adjusts miscellaneous additional benefits, such as retiree deductions as necessary for FIT withholding and age 65 reductions.
Processes retiree deaths, calculates benefits payable to designated beneficiaries and/or surviving spouses after determining applicable account statutes.
Determines and communicates to retiree beneficiaries, the need for required documents at time of death, (i.e., death certificates, power of attorney, appointment of executor.)
Sets up beneficiary records for deceased members when appropriate.
Other appropriate and related duties as assigned by supervisor.