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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
  • Check History Display
  • Monthly & Yearly Reports
  • Audit Letters
  • Actuarial Reporting including Active Participants & Terminated Vested
  • Check Printing & Reporting
  • W2 Reporting
  • IRS Magnetic Media Filing
  • Web Inquiry Capabilities
  • Check Reconciliation System including Ability to Post Cleared Checks from Bank

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