Pension Administrator
2 weeks ago
**Who is the Pension Plan Administrator?**
Each pension plan must have a pension plan administrator — the person(s) or entity that is/are ultimately responsible for the oversight, management and administration of the pension plan, and the administration and investment of the pension fund.
**Responsibilities of the Administrator**
The administrator has a duty of care and owes fiduciary duties to plan beneficiaries. The administrator must ensure that the pension plan and pension fund are administered in accordance with the Pension Benefits Act (PBA) and regulations, and the terms of the pension plan. The administrator is ultimately accountable to all participants of the pension plan (e.g., plan beneficiaries, plan sponsors and regulatory authorities).
- Ensuring that certain plan information is available to those who are entitled to receive it, and that the information is accurate and complete, and provided within the timeframe specified in the PBA and regulations.
- Enrolling employees in the pension plan.
- Providing plan beneficiaries information about their rights and responsibilities in respect to the pension plan.
- Providing plan beneficiaries information and documents that are required to be disclosed under the PBA and regulations.
- Determining plan beneficiaries’ entitlements under the pension plan.
- Making payments to plan beneficiaries when they are due.
- Making payments to former spouses of plan beneficiaries with respect to their share of the plan beneficiaries’ pension benefits (in accordance with the PBA and regulations, and court documents that are filed with the administrator).
- Responding to inquiries or complaints from plan beneficiaries.
**Perks & Benefits**
- In-Office Gym
- Health Spending Account
- Competitive Group Benefits Package
- Out of Province Coverage
- Pension Plan with Matching Contributions
**Salary**: $40,000.00-$70,000.00 per year
**Benefits**:
- Company pension
- Dental care
- Extended health care
- On-site gym
- RRSP match
- Tuition reimbursement
- Vision care
- Wellness program
Schedule:
- Monday to Friday
Ability to commute/relocate:
- SUDBURY, ON: reliably commute or plan to relocate before starting work (required)
Work Location: One location
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