Senior Pensions Administrators in the United States tend to be well-versed in their field, and more than two-thirds have more than 10 years of experience. Average salary is expected to be around $64K per year, but may range from $47K to $89K per year. Job satisfaction is reported as high by the vast majority of workers. There are far more female Senior Pensions Administrators who answered the questionnaire than men, making up 87 percent. A fair number enjoy medical while a majority get dental coverage. Vision coverage is also available to just under a half. This snapshot results from replies to PayScale's salary survey.

$48,360 - $84,663
(Median)
$48K
$64K
$85K
MEDIAN: $63,805
10%
50%
90%

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$21.49 - $25.21
(Median)
$
$23
$
MEDIAN: $22.00
50%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$30K$60K$90K
Salary
$48,360 - $84,663  
   
Bonus
$0.00 - $8,090  
Profit Sharing
$2,750  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$47,389 - $88,540  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 56
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$15$30$45
Hourly Rate
$22.89  
   
Overtime
$31.17  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$30K$60K$90K
Bonus
$0.00 - $8,090  
   
Profit Sharing
$2,750  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$47,389 - $88,540  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 8
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Job Description for Senior Pensions Administrator

Senior pension administrators have several job responsibilities, but they generally oversee the administration of retirement plans. They review records for these plans and make sure that they are up-to-date and comply with federal regulations. They are concerned with the normal operation of the plan, including customer service and billing. On occasion, they may work with clients to make the plan more personalized for the individual. For instance, they may assist in deciding on benefit distribution.

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Senior Pensions Administrator Tasks

  • Conduct audits and ensure plan is in compliance with government regulations.
  • Facilitate communication between individual plan holders, financial advisors, and investors.
  • Process financial statements and keep beneficiaries informed about changes to their retirement plan.
  • Oversee the administration of a company's retirement plan.

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Pay by Experience Level for Senior Pensions Administrator

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Workers in their first five years can expect to earn $56K, but people who have been around for five to 10 years earn a noticeably bigger sum of $63K. Senior Pensions Administrators bring in $62K after working for 10 to 20 years. Average wages for folks with more than 20 years of experience come out to around $67K.

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Experience Affects Senior Pensions Administrator Salaries

Late-Career
up arrow 7%

Experienced
0%

Mid-Career
0%

National Average
$62,000

Entry-Level
up arrow 10%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 8 votes.

Gender

Female
87 %
Male
13 %

Years of Experience

Less than 1 year
2%
1-4 years
6%
5-9 years
22%
10-19 years
36%
20 years or more
34%

Common Health Benefits

medical benefits
Medical: 80%
dental benefits
Dental: 70%
medical benefits
Vision: 46%
dental benefits
None: 12%
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