Pension Administrators are a key component for any company handling Pension Schemes. Primarily, Pension Administrators will work for insurance companies, large financial services provider or directly with large organisations that have their own Pension Schemes, i.e. Public-Sector Bodies.
The Pension Administrator will act as the link between the company and the pension scheme members, brokers, and regulatory bodies. They can handle a variety of schemes from corporate pension schemes such as Defined Contribution or Defined Benefit schemes, SSAS’s to personal pensions, PRSA’s.
Excellent attention to detail and customer service are two of the key components of a good Pension Administrator as they will have responsibility for handling member requests including fund switches, transfers, retirements and payments. Depending on the company structure and level of the position, the Pension Administrator will be required to calculate the Annual Benefits of the members and ensure correct statements are issued.
The salaries for a Pension Administrator are varied, again depending on the company and years’ experience, but starting salaries in Ireland start around the €25,000 range or €30,000 in Dublin and, depending on experience, companies are paying upwards of €50,000 plus. These salaries will only increase for Pension Administrators who move into Team Leader or Management positions.
Limerick City is Ireland’s 3rd largest city and the beating heart of the Shannon region. With almost 50% of Limerick’s population under the age of 30, Limerick is fast becoming one of Ireland’s most vibrant and cosmopolitan cities. Traditionally associated with a very strong agricultural base, Limerick has transformed in recent times and has become a multinational hub.
With a whole host of superb festivals, exciting arts and cultural events and award winning restaurants, shopping, buzzing nightlife, top class activities and attractions, Limerick truly has something for everyone to enjoy!
But be prepared for Limerick’s sporting enthusiasm, Limerick citizens are renowned for their passion for all things sport, particularly Rugby and GAA. However it doesn’t matter whether you prefer to spectate or participate, one thing you can rely on is that there is some major sporting action for you to enjoy.