Retirement Benefits SpecialistDeadline: 12/4/2020 12:00:00 AM Position Reference Number: FI016 Salary Range: Grade 8 / $54,435.39 - $89,818.39 Division-Section-Unit: Finance Shift: Monday - Friday 8:30 AM - 4:00 PM Location: Providence Assignment(s) Comments: Limitations: None Position Covered By Collective Bargaining Union Agreement: No Name of Bargaining Unit Union:
This position manages all aspects of the Narragansett Bay Commission’s Non-Union Defined Benefit Plan and Defined Contribution Plan as well as the Deferred Compensation Plan. Prepares RFQ/Ps for Investment Advisor and manages the investment advisor relationship. Develops, reviews and updates all Investment Policy Statements (IPS) and ensures that each NBC Plans is operating in compliance with the IPS. Manages NBC’s retirement plans to ensure IRS compliance including determination letter process along with the amendment and restatement of plan documents as required by changes in applicable law. Ensures participant notification of plan changes. Prepares supporting documentation and resolutions for retirement plan related items that require Board action and maintains all records. Manages the Investment Committee activity including the scheduling of quarterly meetings, development of agenda items and recording of minutes and all associated record keeping. Works with the Investment Advisor to provide employee education regarding retirement. Maintains relationship with the third-party administrator for recordkeeping, plan administration and compliance items. Administers the Non-Union Defined Benefit Plan including, plan assumptions and funding, preparation of annual PYE actuary reports, the GASB 67/68 FYE statements and the FYE audited financial report and management of eligibility, participation, contribution, distributions, and annual census information in consultation with legal counsel. Performs other duties and special projects as assigned.