Pension OS

Target Benefit Plan Administration Software

Manage participant records, employer contributions, service history, target benefit calculations, benefit adjustment workflows, retirement processing, and reporting in one connected pension administration platform.

Book a Demo Explore Pension OS

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Connect contribution and service history directly to target benefit calculations

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Administer plan-specific benefit adjustments with effective dates, review controls, and calculation history

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Support retirement, termination, survivor, reporting, and participant-facing workflows in one system

Michael Chen

Western Industrial · Participant #48219

Active

Credited Service22.4 Years

Current Contribution Rate$12.75 / hour

Retirement EligibilityJuly 2029

Plan Adjustment StatusNo Pending Adjustment

Current Target Benefit $3,185/month

Retirement Illustration

Retire at 60$2,740 / month

Retire at 62$3,185 / month

Retire at 65$3,610 / month

Recent Activity

Contribution history updated
Retirement illustration generated
Service adjustment reviewed
Plan factor effective date updated

Target benefit administration breaks down when contributions, service, plan adjustments, and participant calculations live in separate systems.

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Plan Rules Live Outside the Participant Record

Contribution history, service, target formulas, effective dates, and benefit-adjustment information become difficult to connect consistently.

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Benefit Changes Require Careful Administration

When plan provisions permit changes to the target benefit, administrators need to know what changed, when it became effective, who it affects, and who approved it.

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Participant Scenarios Require Too Much Manual Work

Retirement, termination, and survivor calculations should not require administrators to reconstruct the participant's history each time.

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Historical Calculations Are Hard to Explain

Without calculation history and effective-dated rules, it can be difficult to trace why two calculations for the same participant produced different results.

A target benefit platform built around real pension administration work.

Pension OS brings together the participant, contribution, service, calculation, adjustment, transition, and reporting workflows required to administer target benefit plans with greater control and traceability.

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Participant Records & Service History

Maintain identity, employment, hours, service, contributions, participant status, beneficiaries, and administrative history.

Work and employer history
Contribution history
Credited service

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Employer Contributions & Remittances

Connect employer reporting to the participant and plan information that depends on it.

Employer contribution history
Hours and reporting periods
Remittance visibility

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Target Benefit Calculations

Apply configured participant history, service, plan factors, and effective-dated rules to structured calculation workflows.

Plan-specific calculation factors
Effective-dated rules
Calculation history

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Benefit Adjustment Administration

Maintain configured adjustment factors, effective dates, affected populations, review status, and adjustment history.

Effective-dated adjustments
Review and approval status
Historical traceability

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Participant Transition Workflows

Support structured pension calculations and administration for significant participant events.

Retirement
Termination
Survivor / death workflows

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Reporting & Administrative Oversight

Give administrators visibility into calculations, adjustments, participant activity, exceptions, and operational reporting.

Operational reporting
Calculation history
Audit visibility

Support the plan-specific rules that connect funded position to target benefit adjustments.

Target benefit plans differ from traditional defined benefit plans in an important operational way: the target benefit may change.

Pension OS keeps the configured factors, effective dates, funded-position or actuarial inputs, affected participant groups, and administrative review steps associated with benefit adjustments connected to the pension records they apply to.

Adjustments follow the plan's own provisions and administrative process. Pension OS supports the administration and traceability of those decisions — it does not establish funding policy or replace the plan actuary.

Benefit Adjustment Review Pending Administrative Review

Valuation ReferenceDecember 31, 2025

Proposed Adjustment Factor−2.00%

Effective DateJuly 1, 2026

Affected Participants8,426

Imported / Administrator-Entered Actuarial Input Funded Position Reference: 94.8%

Source Documentation: 2025 Actuarial Valuation · Reviewed By: Pension Administrator

Applies To Per Plan Provisions

Active Deferred Retired — applicability per plan provisions

Review Workflow

● Actuarial Input Received✓

● Adjustment Configuration Entered✓

● Impact ReviewIn Progress

○ Administrative ApprovalPending

○ Adjustment Effective — July 1Pending

Activity Log

Jun 14Plan factors updated

Jun 15Adjustment configuration created

Jun 16Impact population generated

Jun 18Adjustment queued for review

Pension OS Manages

✓ Configuration & effective dates ✓ Affected participant population ✓ Calculations ✓ Administrative review ✓ Application & history ✓ Auditability

Pension OS does not establish funding policy or replace the plan actuary.

A connected workflow from employer contribution to target benefit administration.

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Maintain Contributions, Work & Service History

Receive employer reporting and maintain participant contributions, hours, service, and historical records.

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Apply Plan Rules & Approved Adjustment Factors

Use effective-dated plan configuration, service rules, target benefit factors, and applicable approved adjustments.

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Calculate Benefits & Process Participant Events

Generate target benefit calculations and administer retirement, termination, death, and related participant workflows.

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Report, Review & Maintain History

Provide administrative reporting, participant information, calculation history, adjustment history, and audit visibility.

Target benefit administration works better when the full pension operation is connected.

Pension OS connects target benefit administration to participant records, contribution processing, employer reporting, calculation workflows, benefit adjustment administration, reporting, and Member Portal.

Target Benefit Administration

Participant Records Employer & Contribution Management Employer Remittances Contribution & Service History Target Benefit Calculations Benefit Adjustment Review Participant Transitions Reporting Member Portal Audit History

Connected recordkeeping Effective-dated configuration Calculation traceability Administrative review Participant-facing visibility

Give staff better control over target benefit calculations and participant scenarios.

Retirement Illustration Michael Chen · Participant #48219

Current Age58

Credited Service22.4 Years

Calculation Versionv3

Current Target Benefit $3,185 / month

Retirement Age Scenarios

Age 60$2,740/mo

Age 62$3,185/mo

Age 65$3,610/mo

Calculation Inputs

Credited service
Contribution history
Retirement date
Applicable plan factors
Effective adjustment factor
Participant status

Generated: June 14, 2026 Status: Illustration

△ Illustrative Results

Illustrative results are based on current participant information, configured plan provisions, applicable approved factors, and selected assumptions. Actual benefits are determined under the governing plan provisions and applicable administrative process.

Selected Scenario

Retire at Age 62

$3,185 per month

Calculation Version: v3

Status: Illustration

Generated: Jun 14, 2026

Credited Service: 22.4 Years

Support the calculations behind major participant transitions.

Different participant events require different calculation and administrative paths. Pension OS keeps those workflows connected to the participant record and applicable plan configuration.

▣ Retirement

Retirement DateJuly 1, 2029

Credited Service25.1 Years

Applicable FactorsCBA 2026 Schedule

Calculation StatusIn Progress

Review StatusPending

→ Termination

Termination DateMar 31, 2026

Contribution HistoryComplete

Credited Service14.2 Years

Applicable CalculationDeferred Benefit

Transition StatusFinalized

◇ Pre-Retirement Death

Participant StatusDeceased — Active

Spouse / BeneficiaryOn file

Applicable CalculationPre-ret. survivor benefit

Documents2 required

Workflow StatusInitiated

♙ Post-Retirement Death

PensionerRetired — Payments active

Payment StatusSuspended pending review

Spouse / BeneficiaryOn file

Survivor WorkflowIn Progress

Adjustment StatusPending

See the activity behind target benefit administration.

Administrative Reporting Dashboard

12,840Participant Population

8,126Active Participants of total

2,910Deferred / Terminated

1,804Retired

186Retirement Illustrations This Month

23Pending Calculations

1Benefit Adjustments Pending Review

11Contribution Exceptions

▥ Calculation Activity

▥ Benefit Adjustment Activity

▥ Participant Transitions

▥ Contribution & Service Adjustments

▥ Statement Activity

▥ Audit Log

⊙ Audit Log

Plan adjustment configuration updated2 hours ago

Retirement illustration generated4 hours ago

Service history correctedYesterday

Benefit adjustment approvedJune 18

Built for real target benefit administration workflows.

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Configurable Target Benefit Rules

Configure plan-specific factors, effective dates, contribution and service rules, and administrative workflows.

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Benefit Adjustment Administration

Maintain approved adjustments, affected populations, effective dates, review history, and application records.

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Connected Participant & Contribution Records

Keep the participant information used in target calculations connected to employer contributions, service history, and Member Portal.

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Auditability & Administrative Control

Maintain calculation versions, adjustment history, workflow status, documentation, and administrative activity around consequential pension decisions.

Built for Different Pension Administration Models

Defined Benefit Fixed/formula-driven benefit administration

Target Benefit Target calculations + plan-specific adjustment administration

Defined Contribution Account and contribution-driven administration

Defined Benefit Administration → Defined Contribution Administration →

Frequently Asked Questions

Common questions about Pension OS and target benefit administration.

What is target benefit plan administration software?

Target benefit plan administration software helps administrators manage participant records, contribution history, service, target benefit calculations, benefit adjustment workflows, participant transitions, reporting, and participant-facing visibility in one connected system.

Does Pension OS support target benefit plans?

Yes. Pension OS can support target benefit administration workflows including participant records, employer contributions, service history, configurable calculation rules, adjustment review, transition workflows, reporting, and Member Portal visibility.

Can Pension OS track employer contributions, hours, and service?

Yes. Pension OS can maintain employer contribution history, reported hours, work history, credited service, service adjustments, and related participant records used in target benefit administration.

Can Pension OS support changes to target benefits?

Yes. Pension OS can support configured benefit adjustment workflows with effective dates, affected populations, review status, adjustment history, and audit visibility. The system supports administration and traceability; it does not establish funding policy or replace actuarial decision-making.

Can funded-position information be associated with an adjustment?

Yes. Administrators can associate funded-position references or actuarial inputs with adjustment workflows, along with effective dates, source documentation, impacted groups, and review steps.

Can Pension OS generate retirement illustrations?

Yes. Pension OS can support retirement illustrations using participant history, credited service, configured plan rules, selected assumptions, and applicable factors. Final benefits remain subject to the governing plan provisions and administrative review.

Can Pension OS support termination and survivor workflows?

Yes. Pension OS can support structured workflows for retirement, termination, pre-retirement death, post-retirement death, survivor benefits, documentation, review status, and related calculation history.

Can members access target benefit information through Member Portal?

Yes. Member Portal can provide participant-facing visibility into configured information such as profile details, documents, statements, retirement estimates, and status information, based on what the plan chooses to expose.

Is "target benefit plan" the same type of plan in every jurisdiction?

No. Terminology and requirements vary by jurisdiction and plan design. Pension OS is designed to support configurable administration workflows, not a single rigid plan template.

Does Pension OS replace the plan actuary?

No. Pension OS does not replace the plan actuary or establish funding policy. It supports administration, calculation workflows, recordkeeping, review controls, and traceability around the plan's approved rules and decisions.

Modernize Target Benefit Plan Administration Without Stitching Together Disconnected Systems.

Give administrators one connected platform for participant records, employer contributions, service history, target benefit calculations, benefit adjustment workflows, participant transitions, reporting, and member-facing visibility.

Book a Demo Talk Through Your Target Benefit Plan