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Pension Management Systems

We work towards delivering  a web application called “Pension Management & Administration System” covering following features:

Key Highlights

We offer a slew of web development and Client Server Applications that include among others:

  • Employer Registration: New Registration, Employee Beneficiaries, Updated Employee details, Investment Fund details, View/Print Certificate or Registration Form, View/Print Benefit Estimate, Employee Risk Profile etc.
  • Employer Update Monthly Contribution: Employer logs onto web portal and Uploads Monthly Contribution Details on all Employees. After validation, Employer can enter details of payments made to the Custodian Bank
  • Member Account Details: Updates and maintains Member Account Details as per the Contributions received from Employer. System continuously updates each Member’s Statement as Custodians update the Investment Fund at the end of every month
  • Move members into another Scheme or Trustee: Move a Member into a Preserved Account – Employee Terminates with Employer or Dies and is moved into a Preserved Account. Create a Charge/Pledge/Lien/Judgment Debt – An Employee can apply online by logging on to the Employer Portal to create a Charge/Pledge/Lien/Judgment Debt against Accrued Benefits.
  • Custodian Banks Updates: Custodians: Update Employers Payment details and Members Payment Accounts, Transfer Money to Fund Managers, Updates Investment Fund Details. System: Calculates Net Asset Value of Total Fund, Updates Members Fund Balances, Begins to Accrue Penalty on Outstanding Amount
  • Generate Ledger Financial Statement: Generates Accounting Transactions for Export
  • Reports: Generate various reports- Employer Annual Statement, Member Annual Statement, Members Due to Retire By Certain Date, Amount Due to Pay Benefits, Custodian Statements, Benefits paid by Period
  • Admin setup process: Manage (View/Edit)- Business Activity, Employee Type, OPS Type, PFS Type, GPPFS Type, Nationality, Investment Fund Type, Asset Class Type, Custodian Banks, Fund Manager, Contribution Payment Type, Accounting Codes etc
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