KMR Pension Plan system encompasses the entire Pension Plan process. Our Pension Payroll module handles accumulation of Pension credits thru Payroll reporting. System has on-demand ability to provide current Pension Benefit Amount. Pension eligibility module has complete history of years of service & Pension Credits. Once member is eligible for Pension, system produces Monthly Check or Direct Deposit. System also has ability to handle Debit Card processing.
System Features:
- Automatic Pension Credit Calculation Based on Plan Rules
- Pension Credit History Inquiry
- Validation & Eligibility Plan Rules for Processing Checks
- Check Rrinting & Reporting Including 1099’s
- Positive Pay & Direct Deposit Capabilities
- Actuarial Reporting including Active Participants & Terminated Vested
- Check Printing & Reporting
- IRS Magnetic Media Filing
- Check Reconciliation System including Ability to Post Cleared Checks from Bank
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Pension 
