Every year, U.S. pension plans lose millions of dollars to overpayments caused by outdated participant records; each one affecting a retiree who depends on accuracy and trust.
As a pension administrator, accurate data is the foundation of financial integrity and fiduciary responsibility. Incomplete or outdated records can lead to costly overpayments, missed participants, and compliance risks that jeopardize the long-term stability of your fund. But your role goes beyond managing assets: you carry the trust of every participant. Accuracy in your records ensures retirees and their families receive what they’ve earned, exactly when they need it most.
ABL Tech’s Commitment to Data Integrity
At ABL Tech, we help pension funds safeguard that promise.
As a leading provider of innovative pension risk-management solutions, ABL Tech is trusted by state, county, and municipal retirement systems nationwide. Our experts identify mortality events across the U.S. with 99% verified accuracy, delivering timely, audit-ready data every day.
In addition to mortality verification, we provide comprehensive location and beneficiary research; all at an average cost 25% lower than other providers.
But before technology can solve the problem, it’s important to understand what causes it.
The Risks of Outdated Records
For organizations managing pensions, it’s easy to focus on systems and processes. But every record in your database represents a real person, a teacher, a police officer, a firefighter, whose benefits are the product of decades of service.
When records are inaccurate, whether due to missing mortality events or outdated beneficiary information, the consequences are immediate. Even a small error, a mistyped address, an unverified death, can lead to delayed payments, overpayments, or reputational harm that erodes trust with participants and regulators alike.
Why Accurate Mortality Data Matters
When data is incomplete or outdated, the effects ripple across the entire pension ecosystem:
– Unreported deaths result in continued benefit payments, creating financial leakage and compliance exposure.
– Delayed mortality confirmations lead to missed recovery opportunities and manual reconciliation efforts that strain staff resources.
– Outdated beneficiary or contact information prevents timely communication with retirees or beneficiaries, prolonging claims processing and reputational risk.
Data integrity is no longer a once-a-year task; it’s a continuous, proactive responsibility. Modern fiduciary standards require ongoing mortality monitoring, regular beneficiary engagement, and transparent, audit-ready reporting to meet today’s compliance expectations.
Protecting Every Retirement Story
Retirement should be a time of peace, not uncertainty. Participants should never have to worry about data errors, outdated records, or missed payments.
With ABL Tech, you gain the tools, processes, and expertise to ensure every retirement story concludes as intended: with accuracy, integrity, and trust.
Our core solutions MVerify®, LifeVerify®, and BeneVerify® work seamlessly together to deliver end-to-end support, giving pension plans confidence in their data and clarity in every record.
Let’s Strengthen Pension Integrity Together
To explore how ABL Tech can help enhance your plan’s data accuracy, compliance posture, and participant trust, request a brief consultation or contact us at (321) 475-8251.
Together, we can safeguard every retiree’s promise, one record at a time.
