Pension Processing

For those organizations involved in administering and processing pension distributions and retirement pay, this task can be more complex than processing the payroll itself. For many firms, managing this responsibility is more than just a part-time job, which usually means full-time headaches. The Professional Staff Management (PSM) pension processing system removes the pain and colossal effort associated with pension administration and processing. We offer the freedom and flexibility to pay pension payments, withhold taxes and deductions, print and void checks, track employee history, and administer complex benefits in a fraction of the time...with confidence that the actions taken are correct. In an instant, an organization can also obtain reports, set up security, generate employee communication letters and adjust to changing tax laws/regulations as needed.

Pension laws, policies and reporting requirements change often and without warning. The PSM Pension Management system automatically adjusts to these ongoing compliance changes. In other words, the system worries about keeping you current and in compliance, rather than vice-versa, and allows you to define whether the distribution falls under the category of capital gains, taxable, non-taxable, employee contribution or other.

Contact PSM to learn more about the capabilities of this system. Go ahead; get back to doing what you love to do!