Pension Administration

Whether the administration of your defined benefit plan is done internally or outsourced, eligibility verification, benefit calculation, and other employee data are frequently dependent on availability and completeness of employee files that have accumulated over many years.  Electronic Document Management affords secure, global access to pension records regardless of original format.

Often times, employment, payroll and other benefit records for pensioners are kept in different locations, acquired from prior organizations and even exist in various formats (paper, microfilm, CD, or other systems); managing and accessing the right documents quickly is difficult.  Document scanning and document conversion services effectively address these challenges.

DataBank has a track record of accomplishment helping HR-Benefit professionals improve efficiency, fulfill records management initiatives and reduce costs by replacing manual paper-intensive processes with installation of an internal EDM solution or outsourcing the process to DataBank.

• Consolidate Pension Records as electronic images in a single virtual folder eliminating paper and microfilm document scanning services.


• Gain Easy, Secure Access to a complete, centralized digital employee record containing scanned images, Word files, e-forms and other documents; from any location – with DataBank Online Services and within DataBank’s highly secure, SAS70 Type II and PCI-DSS certified facilities.


• Reduce Risk, preserve aging paper files, secure documents electronically, inventory records and manage document retention requirements – leveraging DataBank Security and Compliance and Electronic Document Management.
  

Automate Document-Centric Benefit Processes, eligibility verification, beneficiary changes, and more. – with document management workflow configured the way you operate.

Electronically centralize pension files, speed access,
and secure vital pension records.
Contact a DataBank expert today.