PENSION CALCULATIONS SPECIALIST 2
Required skills
- benefit payments
- refunds
- retirement benefits
- survivor benefits
- actuarial present value
- lump sum payments
- Qualified Domestic Relations orders
- pension account maintenance
- financial transactions
- reporting systems
Nice to have
- calculating benefits
- pensions
- Associate's degree
- math
Role summary
The Arizona State Retirement System (ASRS) is seeking a Pension Calculations Specialist Tier 2 to perform complex benefit calculations, including retirement, survivor benefits, and lump sum payments. This full-time role involves utilizing various computer programs and databases to analyze financial transactions, interpret policies, and research information related to benefit payments and member accounts. The specialist will apply IRS regulations, ensure data accuracy in the disbursement system, and communicate with members, beneficiaries, and employers. Strong analytical, mathematical, and computer skills, particularly with Excel and relational databases, are essential. The position also requires the ability to handle high volumes of calculations accurately and meet deadlines, with an emphasis on process improvement.
| For more than a half-century, the Arizona State Retirement System (ASRS) has provided retirement, health insurance and long term disability benefits to employees of the state, counties, municipalities, universities, community colleges, school districts and other political entities. We are a top performing benefit plan administrator with a solid reputation and sustainable plan design. Our organizational culture is based on the following principles; Professionalism, Results, Improvement, Diversity and Excellence. We believe in delivering service with PRIDE. Check out our webpage, www.azasrs.gov, to learn more about the ASRS. |
PENSION CALCULATIONS SPECIALIST 2
| Job Location: |
Address: 3300 N. Central Ave., Phoenix, AZ 85012
| Posting Details: |
Grade: 19
Closing Date: Tuesday, September 29, 2026
| Job Summary: |
*Due to the high caliber of internal ASRS candidates, this recruitment is open only to current ASRS employees.
The Pension Calculations Specialist Tier 2 role is responsible for calculating a variety of benefit payments and refunds. This is a full-time employment opportunity with training and work schedule flexibility.
| Job Duties: |
- Accurately perform complex benefit calculations including retirement and survivor benefits, actuarial present value, lump sum payments, Qualified Domestic Relations orders and pension account maintenance
- Utilize various computer programs and databases to retrieve and analyze financial transactions
- Evaluate and interpret reporting systems, procedures, policies and methods
- Research, analyze and verify information relating to benefit payments, 1099Rs and member accounts following statute and legal determinations
- Apply Internal Revenue Service regulations on payouts and reporting
- Ensure the accuracy of data in the disbursement system
- Calculate and prepare requests for payments outside the disbursement system
- Contact members, beneficiaries, employers and related parties via phone and correspondence
- Review documents for authenticity and completeness
- Maintain data integrity within ASRS databases
| Knowledge, Skills & Abilities (KSAs): |
- Knowledge of the methods and techniques of automated financial/disbursement systems and databases
- Knowledge of statutes, policies and procedures, and information systems pertaining to ASRS
- Knowledge of IRS regulations with regard to payment and reporting of annuities and lump sum disbursements
- Strong analytical, mathematical, and problem-solving skills
- Excellent written and verbal communication skills
- Ability to process a high volume of varying calculations and meet multiple deadlines with accuracy
- Strong computer skills with emphasis on Excel and relational databases
- Ability to recognize inefficiencies and contribute towards improving processes
| Selective Preference(s): |
- Prefer six months’ experience calculating benefits, pensions, or similar financial transactions
- Prefer six months’ experience calculating adjustments to individual account balances
- Prefer Associate’s degree with an emphasis in math
| Benefits: |
The State of Arizona offers a comprehensive benefits package that includes:
- Robust and affordable insurance plans (medical, dental, life, short-term and long-term disability options)
- A top-ranked retirement program
- 10 paid holidays per year
- Accrued vacation and sick days
- An incentivized commuter club and public transportation subsidy program
- The opportunity to participate in deferred compensation, credit union membership, and a wellness program
- Rewarding work that benefits the people of Arizona
- Public Service Loan Forgiveness eligible employer
- Opportunity for goal-based and spot incentives
- Free Covered Parking
For a complete list of benefits provided by The State of Arizona, please visit our benefits page
| Retirement: |
Positions in this classification participate in the Arizona State Retirement System (ASRS).
| Contact Us: |
Persons with a disability may request a reasonable accommodation such as a sign language interpreter or an alternative format by contacting 602.677.2902.
* Arizona State Government is an EOE/ADA Reasonable Accommodation Employer.
* All newly hired employees are subject to the E-Verify Employment Eligibility Verification Program.
* Candidates selected for hire will be subject to a background investigation to include credit and criminal history.
