Product/Service

Benefits Estimator & Calculator

Source: PensionGold
PensionGold contains robust benefit calculation capabilities which are used to calculate:

PensionGold contains robust benefit calculation capabilities which are used to calculate:

  • each member's accrued benefit following each transmittal
  • projected benefits for member statements
  • benefit estimates to assist members with advanced
  • retirement planning
  • final benefit amounts for new payees

    The Benefits Estimator provides a flexible method of calculating pension benefits. It uses information from the Fund Manager to compute the various benefit amounts for which a member may be eligible. This process can be easily customized so that estimates can be based on projected salary and service credit totals. With this powerful tool, you can instantly supply extensive annuity information to members contemplating retirement or alternative retirement savings needs.

    This feature is also used when an actual benefit needs to be calculated due to the retirement, disability, death, or termination of a member. As part of the Benefit Set-Up Process, the PensionGold Benefit Set-Up Wizard calculates the benefit and guides you through the process of setting up the new payee record.

    PensionGold, 2401 West Monroe Street, Springfield, IL 62704. Tel: 217-793-3800; Fax: 217-787-1205.