V3

for Retirement

A Powerful Software Solution for Pension Funds and Administrators

Taft-Hartley

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

Employer Reporting

  • Employer-Location Reporting
  • Job Classes and Categories
  • Limitless Combo of Reported Attributes
  • File and 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

Pension 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
  • Base Benefit Calculation
  • Factor Based Reductions
  • Option Calculations
  • DROP Processing
  • Security Controlled Overrides

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

Health Claims Adjudication

  • Configurable Formulas and Rules
  • Auto-Adjudication Matrix
  • Deductible, Out-of-Pocket and Type-of-Service Limits
  • Definable Calendar Periods
  • Dollar, Visit, and Unit Maximums
  • On-demand Accumulator Calculations
  • Coordination with other Insurers and Medicare
  • Rule Segregation for Multi-Group Administration
  • Network Coverage Area Configuration

Health Claims Processing

  • Integrated Workflow Processing
  • Disbursement, Overpayment and Lien Tracking
  • Auto-Recoupment
  • Pre-authorization and Penalty Enforcement
  • Duplicated Checking
  • Modifier Reductions
  • HRA Banks and Reimbursement
  • COB Savings Bank
  • Beneficiary Payments and Alternate Payees
  • Calculation Logs
  • Medical and Hospital Claims Processing
  • Anesthesia Calculations
  • Dental and Disability Claims
  • MA/NY State Surcharge Calculations

Loans Processing

  • Configurable Loan Types
  • Ability to Handle Multiple Active Loans
  • Purchases for a Participant
  • Loan Eligibility Determination
  • Application Processing

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

Ancillary Benefits Processing

  • Application Processing
  • Forms Management
  • Required Document Tracking
  • Beneficiary Administration
  • Workflow-based Processing
  • Detailed Activity Log

Disbursements

  • Benefit Disbursements
  • Roll Over Processing
  • Periodic or On-Demand Check Processing
  • Checks, EFTs and Direct Deposit
  • Split Payments 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
  • HIPAA Reporting
  • Actuarial Reporting
  • General Ledger Integration
  • Import and Export Processing

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