Pension Administrator Salary (Canada)
The average salary for a Pension Administrator is C$53,726 per year.
|Salary||C$40,397 - C$68,907|
|Bonus||C$0.00 - C$8,500|
|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).)
|C$40,375 - C$70,535|
|Bonus||C$0.00 - C$8,500|
|Total Pay (||C$40,375 - C$70,535|
Job Description for Pension Administrator
Pension administrators are responsible for performing needed maintenance and communications related to administering pension plans. They help clients enroll in the pension fund and maintain communication with current clients; this involves helping the client complete an application and answering all questions about how the pension plan works. They generate reports related that answer specific client questions, as well as more generalized reports for other departments regarding the pension plan(s) as a whole. Pension administrators are responsible for helping clients solve issues related to the IRS or other tax concerns. They must have knowledge of all relevant laws and regulations affecting their specific pension plan and its clients. Pension administrators also must maintain a database of client information to quickly and accurately answer client inquiries regarding status and benefit information.Read More...
Pension administrators generally work in an office environment during regular business hours; they typically work with an assistant or in a small department. These administrators work closely with clients and, on a standard day, they meet with several clients in person and communicate with many clients over the phone and through email. They meet with other departments to give updates regarding the pension plan and may be required to give presentations to groups on this issue.
Pension administrators usually are required to hold a bachelor’s degree. However, some positions may only require an associate’s degree. Some experience in pension or employee benefits is preferred. Due to the high degree of direct client contact, this position requires strong interpersonal skills as well. (Copyright 2018 PayScale.com)
Pension Administrator Tasks
- Administer employee pension and savings plans, working with plan carriers.
- Ensure compliance to plan provisions and federal regulations.
- Prepare, submit and maintain employee benefit records and documents.
- Reconcile employee accounts and brokerage summary statements.
- Determine eligibility for benefits, calculate benefits and payments.
Pension Administrator Job Listings
Popular Skills for Pension Administrator
Pay by Experience Level for Pension Administrator
Pay by Experience for a Pension Administrator has a positive trend. An entry-level Pension Administrator with less than 5 years of experience can expect to earn an average total compensation of C$50,000 based on 24 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Pension Administrator with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of C$55,000 based on 12 salaries. An experienced Pension Administrator which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of C$63,000 based on 14 salaries. A Pension Administrator with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of C$65,000 based on 9 salaries.
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