Pension Administrator

To serve as a civilian employee of the Indiana State Police whose primary responsibility is to process and monitor all transactions relating to the Indiana State Police Pension Deferred Retirement Option Program (D.R.O.P.) Paid Lump Sum Option (P.L.S.O.) sworn pension benefits and service purchase program.

• Initiate and complete all necessary transactions relative to the D.R.O.P.
• Manage and be accountable for all records files and calculations associated with each participant in the Indiana State Police Pension Trust.
• Manage and be accountable for all records files and calculations associated with the Service Purchase Program.
• Calculate and verify retirement benefits according to the guidelines established by the Pension Trust Agreement.
• Interpret pension trust provisions in accordance with all applicable Federal and State legislation.
• Participate in the planning of the budget for the supplemental pension basic pension and benefit fund.
• Calculate and coordinate payment of supplemental pensions with the Treasurers Office.
• Calculate police disability pensions in accordance with the Trust and coordinate payment with the Treasurers Office.
• Interpret calculate and verify service credit according to Indiana statutes Pension Trust Agreement and Department Rules and Regulations to determine eligibility for the D.R.O.P. P.L.S.O. and Service Purchase Program.
• Apply guidelines to specific retirement situations to ensure the program remains in compliance with the Pension Trust Agreement and all applicable Federal and State statutes governing pension plans.
• Compute retirements for individuals participating in the D.R.O.P. and P.L.S.O. programs.
• Calculate D.R.O.P. benefits for individuals participating in the D.R.O.P program.
• Calculate service purchase expenses for members.
• Complete and verify complex calculations and transactions for the entire sworn pension program.
• Provide guidance to potential D.R.O.P. and P.L.S.O. program participants relative to benefit disbursement options.
• Provide guidance to eligible pension plan members with regards to the service purchase program.
• Calculate amounts due for repayments to the pension for pension plan members returning from active military duty.
• Coordinate financial reporting mechanism with the pension fund actuary in order to account for all funds for each participant in the D.R.O.P.
• Respond to subpoenas as required.
• Draft and disseminate statements to D.R.O.P. participants as requested.
• Coordinate financial reporting mechanism with the pension fund actuary in order to account for all funds for each participant in the service purchase program.
• Process all documentation and verify calculations for the Service Purchase Program as defined by the Pension Trust Agreement.
• Draft and disseminate statements to service purchase participants as requested.
• Maintain files and records pertaining to the D.R.O.P. service purchase and overall sworn pension.
• Facilitate retirement process with the Human Resources Division for all retiring and resigning members of the ISP Pension.
• Develop and coordinate final separation procedures for D.R.O.P. participants at the conclusion of the D.R.O.P. period to include a final accounting of funds to be distributed.
• Prepare reporting on utilization and accompanying financial analysis as requested.
• Evaluate process and forms on an ongoing basis making recommendations for improvement and implementing any changes.
• Verify analytical reports and check for accuracy
• Draft and disseminate information on D.R.O.P. program and all pension matters to Pension Advisory Board members as requested.
• Draft and disseminate information on D.R.O.P. program and pension matters to other entities as requested.
• Perform other duties as required.

• Must have a minimum of a Bachelors Degree in a related field from an accredited institution.
• Must have a minimum of five (5) years of experience in pension administration or a human resources related field.
• Must have a working knowledge and understanding of both Department pension plans as outlined in the Pension Trust Agreement.
• Must be able to exercise sound professional judgment in making decisions related to eligibility and participation.
• Comprehensive experience in general accounting procedures desired.
• Must be able to demonstrate competency and proficiency relative to the positions duties and responsibilities.
• Must be able to apply advanced accounting principles.
• Must be able to access input and retrieve information using a computer.
• Ability to communicate effectively both verbally and in writing.
• Must be able to explain sworn pension programs in detail to both participants and those considering participation.
• Must be able to analyze complex information regarding pension legislation at both Federal and State levels.
• Must be able to explain complex program information pertaining to the service purchase program.
• Must be able to prepare clear and comprehensive reports.
• Must be able to proofread documents with accuracy.
• Excellent organizational skills.
• Ability to prioritize and meet deadlines.
• Able to work with minimal supervision.
• Experience in interpretation and application of established guidelines.
• Independent decision-making ability.
• Must be able to operate a programmable calculator computer Pension System computer typewriter and copy machines.
• Must be able to interpret data in calculating retirement benefits pension loans service purchase and pension benefits.
• Must be able to apply laws rules regulations and procedures.
• Must be able to explain and apply the principles of simple interest and vested interest.
• Must be able to make decisions and exercise sound judgment.
• Must be able to maintain confidentiality.
• Must be able to function independently.
• Must be able to work under pressure.

Must be able to successfully pass a background investigation. Applicants are asked to submit a complete work history via resume. All applicants are required to submit copies of their high school transcript or GED certificate any college transcripts technical certificates and a military DD214or NGB22(if applicable). Please attach these documents to your online application. If you are unable to attach these documents as requested please email the documents toiand indicate your name and the position for which you have applied when forwarding all attachments.