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Senior Pensions Administrator Salary

Senior Pensions Administrators in the United States tend to have a good amount of experience under their belt — between two-thirds and three-fourths have more than 10 years in the field. While pay runs from $44K to $86K per year, median earnings come to $61K annually. Including potential for bonuses and profit sharing — peaking near $8K and $6K, respectively — total cash payment to Senior Pensions Administrators can bottom out near $44K or peak near $86K depending on individual performance. The majority of Senior Pensions Administrators claim high levels of job satisfaction. A strong majority report receiving medical coverage from their employers and the larger part collect dental insurance. Female Senior Pensions Administrators make up most of the survey respondents at 78 percent. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$47,079 - $86,019
(Median)
$47K
$61K
$86K
MEDIAN: $60,689
10%
50%
90%

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$17.54 - $30.64
(Median)
$18
$23
$31
MEDIAN: $22.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$29K$58K$87K
Salary
$47,079 - $86,019  
   
Bonus
$0.00 - $7,830  
Profit Sharing
$1,581 - $6,411  
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).
)
$44,484 - $86,355  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 106
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$15$30$45
Hourly Rate
$17.54 - $30.64  
   
Overtime
$0.00 - $40.73  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$30K$60K$90K
Bonus
$0.00 - $7,830  
   
Profit Sharing
$1,581 - $6,411  
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).
)
$44,484 - $86,355  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 16

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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

  • 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.
  • Conduct audits and ensure plan is in compliance with government regulations.

Senior Pensions Administrator Job Listings

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Experience Affects Senior Pensions Administrator Salaries

Late-Career
up arrow 10%

National Average
$60,000

Mid-Career
up arrow 1%

Experienced
up arrow 2%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 27 votes.

Gender

Female
78 %
Male
22 %

Years of Experience

Less than 1 year
1%
1-4 years
2%
5-9 years
25%
10-19 years
42%
20 years or more
30%

Common Health Benefits

medical benefits Medical: 77% dental benefits Dental: 65%
vision benefits Vision: 39% employee benefits None: 19%