High-Quality, Cost-Effective Pension Calculations
The company is one of the largest defined contribution business in the US based on combined assets under management and assets under administration with more than US$300 billion. One of the most challenging aspects of pension plan administration is calculating retirement benefits based on ever-changing complex formulas, plan provisions and government regulations. The company needed to simplify the process. The company selected IBM WebSphere ILOG JRules as the platform upon which to build and maintain its pension calculation system to simplify their pension administration process.