Gaithersburg, MD (PRWEB) June 27, 2012
Talbot Business Solutions, LLC, a premier software solutions provider, announced today the release of several new pension modules for its Employee Benefits Administration software product, MTSS-mba. The new modules accommodate any type of pension plan including defined benefit plans, defined contribution plans as well as hybrid pension plans.
The new MTSS-mba pension features include enhanced on-screen what-if retirement benefit scenarios and flexible ad-hoc reporting options and will incorporate the recently released eligibility process engine. This engine provides tremendous throughput speeds for all system-wide updates and report processes. While currently being offered only in the general release versions of the MTSS-mba product line at this time, the new pension modules will be added to the TPA versions sometime 4th quarter 2012.
The pension management capabilities of MTSS-mba enable normally difficult tasks to be performed effortlessly. Calculations which must account for changes to vesting rules or credit formulas, recognizing hard or soft frozen plans or terminated plans, career or final average attributes, are all handled in stride making life so much easier for administrators.
In use since 1991, MTSS-mba has continued to develop and mature into a feature-rich. powerful enterprise solution that efficiently manages benefit fund data for Health and Welfare, Pension, Legal Services and other employee benefit programs with ease. Difficult tasks such as H&W eligibility tracking and pension vesting calculations, are performed effortlessly and the integrated document imaging modules enable immediate access to scanned source documents for visual verification of data.
MTSS-mba has a customizable, modular design that affords seamless integration to accommodate any
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