A Pension Administrator in Toronto, Ontario earns an average salary of C$56,760 per year. Most people with this job move on to other positions after 20 years in this career. Experience has a moderate effect on pay for this job.

C$39,775 - C$66,394
C$40K
C$48K
C$66K
MEDIAN: C$48,127
10%
50%
90%
C$0C$66K
Salary C$39,775 - C$66,394
Bonus C$2,948
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$39,829 - C$66,269
  • Country: Canada
  • Currency: CAD
  • Updated: 12 Jan 2018
  • Individuals Reporting: 46

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.

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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

Key Stats for Pension Administrator

Gender

Female
71 %
Male
29 %

Job Satisfaction

Satisfied
Rated 3 out of 5
based on 5 votes.
Less than 1 year
4%
1-4 years
38%
5-9 years
19%
10-19 years
28%
20 years or more
11%

Experience Affects Pension Administrator Salaries

Experienced
▲26%

Mid-Career
▲4%

National Average
C$50,000

▼10%

Skills That Affect Pension Administrator Salaries

Microsoft Word
▲25%

Microsoft Office
▲18%

Microsoft Excel
▲12%

National Average
C$50,000

Job Satisfaction

Satisfied
Rated 3 out of 5
based on 5 votes.

Gender

Female
71 %
Male
29 %

Years of Experience

Less than 1 year
4%
1-4 years
38%
5-9 years
19%
10-19 years
28%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 82%
dental benefits
Dental: 79%
vision benefits
Vision: 61%
no benefits
None: 18%