Pension Administration
/ˈpɛnʃən ædˌmɪnɪˈstreɪʃən/
Definitions
- (n.) The process of managing and overseeing pension plans, including enrollment, benefits calculation, compliance, and disbursement.
The company's pension administration ensures employees receive their retirement benefits on time.
Forms
- pension administration
Related terms
See also
Commentary
Pension administration often involves compliance with statutory requirements and fiduciary responsibilities under laws like ERISA.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.