The purpose of the Pension Administration Module is to assist an organisation in maintaining the pension records of its staff by collecting the pension contributions from the HRplus Payroll, apply the recommended interest distribution from the organisation's actuaries and ultimately generate the pension statements due to your employees. Among the features of the Pension Administration module include the ability to:

• capture, manage and manipulate the data associated with members of a pension plan.  
• keep track of the pension status of a pension plan member from the time he/she joins the plan up until the time of final benefits payments.  
• perform end of year interest calculations on contributions (normal (ordinary) and additional voluntary) as well as on transfer values.
• interface with HRplus Payroll to retrieve the contributions (normal (ordinary) and additional voluntary) that were paid during the year by a pension plan member.  
• print a number of reports including but not limited to a pension plan member’s contributions and interest earned, and the pension status history of the member.