Retirement Management (IRBMS)

  • It automates and facilitates the processes involved in the administration of Retirement Benefits Schemes.
  • Comprehensive benefits administration system designed to support a wide range of pension schemes in all their variety and complexity.
  • A single window for administration for multiple schemes.
  • Caters to both defined benefit, defined contribution schemes and Hybrid Schemes
  • Caters to global pension scheme management to spanning across various geographies UK/ Europe, Asia Pacific, Africa and the Middle East and Indian Sub continents
  • Maintain exhaustive member’s data.
  • In-built benefit processes/ workflows catering to various types of exits.
  • Investment Management and Tracking module track the Investments comprehensively.
  • Powerful decision support system for comprehensive analytics

Retirement Management Features

Member and Nominee Details
DB, DC and Hybrid schemes Management
Investment Management
Pension Management
Interest calculation
Benefits Calculation & Management
In-built workflows & reminders
DSS and Analytics

Retirement Management Modules

PF Trust Management

  • Accounting
  • Reports
  • Investment Management
  • Loans & Withdrawals
  • Role / Rights
  • Reminders
  • Statutory Compliance
  • Bonus Interest Calculation
  • Member Interest Calculation
  • Membership Management
  • Import Bulk Transactions

Super Annuation Fund/SFT Management

  • Accounting
  • Reports
  • Investment Management
  • 1/3, 2/3 Commutation
  • LIC Annuity Tracking
  • LIC Interest Upload Facility
  • Annuity Purchase Report
  • Role / Rights
  • Reminders
  • Import Bulk Transactions

Gratuity Management

  • Data for Actuary Valuation
  • Custom Formula for Gratuity Payment
  • Accounting
  • Reports
  • Investment Management
  • Gratuity, Company & IT Act

Accounting

  • Bank Receipt/Payment
  • Bank Reconciliation
  • Contra
  • Journal
  • Ledger Report
  • Voucher Report
  • Trial Balance
  • Revenue Account
  • Balance Sheet
  • Cash-flow

Members

  • Monthly Contribution
  • Loan Application / Payment / Adhoc Recovery
  • Settlement Application / Payment / Covering Letter
  • Transfer In Application / Receipt / Covering Letter
  • Transfer Out Application / Payment / Ann-k / Covering Letter
  • International Worker Check Points
  • Member’s PF Statement

Investment Management

  • Investment Evaluation / Purchase
  • Mutual Fund / Equity Purchase
  • Government/Statutory Investment Patterns
  • Interest Accrued
  • Investment Yield
  • Interest Summary
  • Investment Amortization
  • Investment Register
  • Investment Summary
  • Mutual Fund / Equity Management

Employee Self Service

  • PF Balance
  • PF Statement
  • Loan Eligibility & Application
  • Settlement Application
  • PF Nominee Details
  • PF Yearly Passbook
  • PF Letters
  • Gratuity Calculation Sheet
  • Pension Calculation Sheet
  • Loan & Transfer In History

Pension Trust Management

  • Provision for setting up Pension Trusts
  • Configurable Pension Trust rules
  • Maintenance of Trustee rules and details
  • Support for Deferred Pensioners
  • Configurable investment categories
  • Provision for defining Statutory investment pattern
  • Provision for defining commutation, withdrawal, settlement rules
  • Insurance related masters
  • Pensioner details and Pension Nominee details
  • Annuity related masters
  • Vesting rules
  • Commutation
  • Pension Settlement
  • Pension processing
  • Purchase of Annuity
  • Receipt of Annuity
  • Pension Fund Annual Contribution
  • Pension through LIC/Insurance company

Mobile Application

  • PF Balance
  • PF Statement
  • Superannuation Balance
  • Superannuation Statement
  • Unexempted PF Balance / Check EPFO Balance
  • Gratuity Calculation
  • Loan Eligibility & Application

Let’s Talk

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