What are the responsibilities and job description for the Benefits Analyst position at American Federation of Musicians and Employers Pension Fund?
The American Federation of Musicians and Employers' Pension Fund (AFM-EPF) is a defined benefit multi-employer pension plan for members of the American Federation of Musicians.
About American Federation of Musicians and Employers Pension Fund :
The American Federation of Musicians and Employers' Pension Fund (AFM-EPF) was established for the exclusive purpose of providing certain pension and related benefits to Covered Employees and their Beneficiaries under the Plan, and shall further provide the means for financing and maintaining the operation and administration of the Trust and the Plan in accordance with the Trust Agreement, the Plan, and applicable law.
Overview
The Benefits Analyst is responsible for researching, analyzing and calculating pension benefits in a Defined Benefit Taft-Hartley Plan environment. Job duties include reviewing pension applications, determining applicant eligibility, performing benefits calculation and determining the type of benefit to be paid or denied.
Job Description
- Determine eligibility for pension benefits, including benefit adjustments, re-retirement, re-determination, and death claims.
- Calculate and pay pension benefits.
- Calculate estimates and prepare estimate packages for participants, beneficiaries and alternate payees.
- Review and analyze divorce decrees and property settlement agreements to make a recommendation to the Pension Manager on how to proceed with the claim.
- Communicate with participants, third parties, beneficiaries and alternate payees via tele, email and written correspondence to help identify and solve inquiries regarding pension benefits.
- Process elective documents (Direct Deposit, W-4P State and Federal Tax Forms)
- Generate Pension Verification Letters and Denial Letters.
- Update database information for participants, beneficiaries and alternate payees.
- Suspend and Reinstate Benefits.
- Create correspondence including Power of Attorneys, Guardianships, Letters Testamentary and Estate documentation.
Job Qualifications
LI-Hybrid
The pay range for this role is :
50,000 - 60,000 USD per year(Fund Office)
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Salary : $50,000 - $60,000