How Advanced Data Verification Technology Protects Union Pensions and Reduces Plan Risk
Unions are built on trust and a shared goal, a healthy workplace, and a secure retirement. Managing a multiemployer pension plan brings layers of complexity. With thousands of active and retired participants, employers, and dependents to track, maintaining accurate data can quickly become a challenge. That’s where ABL Tech comes in as the leading provider […]
The Impact of Job Hopping on Pension Plans
The perception that younger workers “job hop” more than past generations is often exaggerated. Research from the National Institute on Retirement Security, in its report Debunking the Job-Hopping Myth about Millennials and Gen Z, shows that millennials and Gen Z have similar tenure patterns to Gen X and baby boomers early in their careers. (*) […]
Why Accurate Data Is Essential for Pension Plan Integrity
Every year, U.S. pension plans lose millions of dollars to overpayments caused by outdated participant records; each one affecting a retiree who depends on accuracy and trust.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 Incomplete or outdated records can lead to costly overpayments, missed participants, and compliance […]
What A Government Shutdown Means for Pension Fund Administrators & Mortality Verification
When the federal government shuts down, the impacts not only affect Washington but also extends far beyond. For pension administrators, one of the most immediate and overlooked consequences is the suspension of mortality verification through the Social Security Administration (SSA). Suspension of Verification Requests During a shutdown, SSA benefit verifications, including third-party requests often used […]
Why Mortality Verification Belongs in Every Quarter-End Checklist
As administrators prepare to close the books on Q3, the focus naturally falls on reconciliations, reporting, and compliance reviews. But quarter-end isn’t just about balancing numbers, it’s about ensuring the data behind those numbers is accurate. One of the most critical, yet often overlooked, components of this process is mortality verification. When participant mortalities go […]