Pension Payment Management

Get a state of the art accounting system, combined with pension reporting and an actuarial calculator.

Union.dev's Pension Payment Management applications allows your benefits department to handle all of the payment calculations, processing and payment fulfillment for your retirees. No need to outsource any step of the process. We will provide you with an end-to-end Pension Payment Management application based upon your plan's needs, your local's needs and your members expectations of exceptional service.

Free Assessment

Your Full Service Pension Payment Solution Awaits

From the simple to the complex, we handle it all.

While many locals throughout North America believe it's just easier to outsource this portion of the member's interaction with you, we believe you should be there every step of the way. Forward-thinking unions will move straight to reinventing their service offering and with technology you can now do it better, faster and cheaper than outsourcing. Modern accounting and pension financial management software we have developed allow us to give you a solution that brings the cost of most direct deposits approaching zero dollars. If you are not managing the member's needs during retirement how do you know they are getting the service they deserve? Well now you can.

Are you ready to transform your retirees payments? The time is now.

Our simple three step process is easy and can nearly be automated. Everything is simplified and handled on a case-by-case basis, and once set, you can almost forget it. All you team needs to do is focus upon retiree relations. Serve them well.

Bank account changes, address changes, level income drops, guarantee period cessation? Our software allows your team to communicate and support throughout. Until death do you part. Even then we make it easy for you to support surviving spouses, surviving beneficiaries and estates.

Benefits of a Custom Pension Payment Management Application

Give your union the edge.

Step 1

We can handle any retirement, termination, other member's life transitions (death, disability, marriage breakdown, shortened life expectancy...etc.) Member services simply moves the member from Active or Inactive to retired and calculates their retirement or commutation options. You then present the member with an authorization and await the returned election. You can start paying in minutes. Not months like most TPA driven retirement and payment processes.  

Step 2

A quick double check to make sure everything is in order, and the case is transferred instantly to the financial payments module. Typically this is handled by another individual - in the finance department (read: approver, or signing authority). Adjust the net payment for the appropriate taxes and send it off for payment. We even handle garnishments, unlimited additional tax deductions and as many payment options as you can imaging is out there.

image

Step 3

Pay the member. Out of the box we our software can pay an ad hoc cheque, or thousands of direct deposits. Overseas members can easily get a wire transfer, or we can integrate into any other electronic funds transfer solution they might subscribe to?  We've tried to think of it all. if we have not seen it yet? We ill build it for you.

Reconciliations and updating of the payment transaction history file per retiree's always keeps the important and necessary data at your member's service department's fingertips.

image

Digital Transformation

No more excuses.

Bring this process in-house. Serve your members well.

01

Unique

Setup as a case management system, your workflow and process is reflected in your software. Pension Payment Management can easily be brought in house. members serving members. No more TPAs, no more outsourcing of this "last mile".

02

Efficient

Pension Payment Management can be as automated (with multiple review steps) or as manual as you like. Start with a some-what manual process and move to nearly fully automated. We work with you to make it happen.

03

Easy to Use

Members can see what and when they are getting paid. Changes can be made by members, and approved by you. Or you can provide a fully service member service department where you make the changes. Integrated with our Member Portal our solution is seamless and easy.

A customizable Pension Payment Management system takes the tedious and confusing work out of managing payment processing. Ask us about how we are paying over 7,000 members every month for a large local in central Canada. Union.dev’s software "platform as a service" make sure you pay the right person the right amount the right time - every time.

Free Resources

A Fintech Solutions for
Union Locals!

From retiring the members, calculating their retirement annuity and paying them for as long as they live - that's what our Fintech Platform-as-a-service solution does for you. Fully transparent to all who need access. Secure, reliable and 100% auditable. Every transaction and every payment.

No more excel, very little data entry. Move your pension and finance team "upstream". Have them doing important tasks, not rote, data entry and reporting. Let our modern cloud based pension reporting system integrated with our modern AP-Enabled on premise accounting package do the data work for you. Your staff can focus upon "added-value" services - for the benefit of the members, not because your software or TPA cannot do it.

Free Consult

Possibly the Most Transparent Solution on the PLanet

Improve efficiency, leverage technology, and provide better member experiences with a modern platform:

  • Want to give final approval to your business manager? No problem.
  • Want to make is nearly fully automated? No problem.
  • Want self-serve? No problem.
  • Accounting needs to account for every penny? no problem.
  • Want your auditors to be able to trace every payment? No problem.
  • Want your actuarial consultants to review every calulcation? No problem.
  • Want your legal team to be able to review compliance? No problem.
  • Board of trustee's needs up to date reports? No problem.
  • Real teim reporting? No problem.
  • Unique dashboards for better decision making? No problem.

No Problem, we can do that

Perfect Solutions For Your Union!

Technology Transformation doesn’t happen overnight, and there’s often more than one squeaky wheel. When you’re searching for the right solution, we recommend working with an expert who understands what you’re going through and speaks your language. There’s no prep work required on your part. We’ll find a time that fits your schedule and take about 60 minutes to familiarize you with your current situation.

With the knowledge you gain, you’ll be better equipped to ask questions that are specific to your needs and environment. And with the knowledge we gain, we may be able to provide some solutions that will fit your needs.

All Products