Pension Calculations Specialist 2

PENSION CALCULATIONS SPECIALIST 2

Address: 3300 N. Central Ave., Phoenix, AZ 85012

Grade: 19

Closing Date: Tuesday, September 29, 2026

*Due to the high caliber of internal ASRS candidates, this recruitment is open only to current ASRS employees.

The Pension Calculations Specialist Tier 2 role is responsible for calculating a variety of benefit payments and refunds. This is a full-time employment opportunity with training and work schedule flexibility.

• Accurately perform complex benefit calculations including retirement and survivor benefits, actuarial present value, lump sum payments, Qualified Domestic Relations orders and pension account maintenance
• Utilize various computer programs and databases to retrieve and analyze financial transactions
• Evaluate and interpret reporting systems, procedures, policies and methods
• Research, analyze and verify information relating to benefit payments, 1099Rs and member accounts following statute and legal determinations
• Apply Internal Revenue Service regulations on payouts and reporting
• Ensure the accuracy of data in the disbursement system
• Calculate and prepare requests for payments outside the disbursement system
• Contact members, beneficiaries, employers and related parties via phone and correspondence
• Review documents for authenticity and completeness
• Maintain data integrity within ASRS databases

• Knowledge of the methods and techniques of automated financial/disbursement systems and databases
• Knowledge of statutes, policies and procedures, and information systems pertaining to ASRS
• Knowledge of IRS regulations with regard to payment and reporting of annuities and lump sum disbursements
• Strong analytical, mathematical, and problem-solving skills
• Excellent written and verbal communication skills
• Ability to process a high volume of varying calculations and meet multiple deadlines with accuracy
• Strong computer skills with emphasis on Excel and relational databases
• Ability to recognize inefficiencies and contribute towards improving processes

• Prefer six months’ experience calculating benefits, pensions, or similar financial transactions
• Prefer six months’ experience calculating adjustments to individual account balances
• Prefer Associate’s degree with an emphasis in math 

The State of Arizona offers a comprehensive benefits package that includes:

• Robust and affordable insurance plans (medical, dental, life, short-term and long-term disability options)
• A top-ranked retirement program
• 10 paid holidays per year
• Accrued vacation and sick days
• An incentivized commuter club and public transportation subsidy program
• The opportunity to participate in deferred compensation, credit union membership, and a wellness program
• Rewarding work that benefits the people of Arizona
• Public Service Loan Forgiveness eligible employer
• Opportunity for goal-based and spot incentives
• Free Covered Parking

For a complete list of benefits provided by The State of Arizona, please visit our benefits page

Positions in this classification participate in the Arizona State Retirement System (ASRS).

Persons with a disability may request a reasonable accommodation such as a sign language interpreter or an alternative format by contacting 602.677.2902.

* Arizona State Government is an EOE/ADA Reasonable Accommodation Employer. 

* All newly hired employees are subject to the E-Verify Employment Eligibility Verification Program.

* Candidates selected for hire will be subject to a background investigation to include credit and criminal history.