The V3 System: Software for Pension Administration
The V3 System Delivers:
  • Administrative Flexibility
  • Improved Customer Service
  • Extreme Scalability
  • Accurate and Timely Data
  • Self-Service Alternatives
  • Quality Correspondence
  • Operational Transparency
  • Value Added Reporting

The V3 System's powerful public pension administration features include:

    Demographics
  • Multiple ID Numbers per Participant
  • No Need to Process via SSN
  • Masked SSN’s
  • Multiple Addresses
  • Address Standardization
  • CASS Address Verification
  • Unlimited Dependents
  • Unlimited Beneficiaries
  • Detailed Audit Histories
    Payroll Reporting
  • Employer Reporting
  • Employer-Location Reporting
  • Job Classes
  • Job Categories
  • Limitless combination of reported attributes
  • File Based Reporting
  • Paper Based Reporting
  • Self-Service Reporting
  • Configurable Validations
  • Reporting of Wage Data
  • Reporting of Work Data
  • Reporting of Custom Data
  • Variable Reporting Periods
  • Variable Reporting Formats
  • Retro Adjustments
    Contributions Accounting
  • Contract and Rate Maintenance
  • Individual or Group Contracts
  • Reported Contributions
  • Calculated Contributions
  • Validated Contributions
  • Contributions for any number of funds/benefits
  • Retro Rate Changes
  • Prior Period Rebills
  • Discrepancy Billing
  • Credit Notices
  • Complete AR Management
    Participant Accounts
  • Tracking of Member Contributions
  • Ability to handle Multiple Accounts per Participant
  • Direct feed from payroll reporting
  • Interest Posting
  • Service Calculations
  • Refunds Processing
  • Buy Back Processing
  • AR and AP Management
    Service Credit Purchases
  • Configurable Purchase Types
  • Ability to handle multiple active purchases for a participant
  • Missing Service Identification
  • Full or Partial Purchases
  • Purchase Cost Calculations
  • Ability to establish custom payment plans
  • Roll over processing
  • Billing and A/R Processing
    Loans Processing
  • Configurable Loan Types
  • Ability to handle multiple active purchases for a participant
  • Loan Eligibility Determination
  • Application Processing
  • Configurable Payment Plans
    Benefit Calculations
  • Highly Configurable Plan Rules
  • Ability to Handle any number of Plans
  • Definable Pension Types per Plan
  • Definable Pension Options per Type
  • Regular, Early, Disability, Death, Etc.
  • Single Sum, Straight life, 10 year Certain, Etc.
  • Return to work processing
  • Custom Years of Service Calculations
  • Custom Average Final Salary Logic
  • On Screen AFS back up detail
  • Base Benefit Calculation
  • Factor Based Reductions
  • Option Calculations
  • DROP Processing
  • Security controlled overrides
    Pension Processing
  • Estimate Generation
  • Final Pension Generation
  • All options on a single estimate
  • History of every estimate generated
  • “What if” Calculations
  • QDRO Administration
  • Workflow-based processing
  • Detailed Activity Log
    Retiree Health
  • Retiree Health Processing
  • Benefits Enrollment Processing
  • Premium Calculations
  • Direct Billing
  • Deduction-based Billing
  • Carrier Eligibility Reporting
    Disbursements
  • Benefit Disbursements
  • Roll over processing
  • Periodic or On Demand Check Processing
  • Checks, EFTs and Direct Deposit
  • Split payment to multiple accounts
  • Support for Feeds to Third Party Payers
  • Liens and Levies
  • Recoupments
  • Voids and Re-issues
  • On Screen Check Images
  • Multi-Step, High Security Processing
    Reporting and Integration
  • End User Reporting
  • Ad Hoc Reporting
  • Tax Reporting
  • Actuarial Reporting
  • General Ledger Integration
  • Import and Export Processing

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