RETIREMENT GENERALIST in Concord, New Hampshire at New Hampshire Retirement System

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SCOPE OF WORK:

To prepare, verify, and process 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 pursuant to RSA 100-A:50 –55. Prepare, verify, and reconcile retiree and survivor benefit payroll. Coordinate the processing of survivorship benefits.

ACCOUNTABILITIES:

· 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.

MINIMUM QUALIFICATIONS:

Education: Associates degree in accounting or other related field. Education may be substituted for additional years of experience.

Experience: Two years bookkeeping or accounting experience. Experience may be substituted for additional years of education.