Pension administrator vs verification specialist

The differences between pension administrators and verification specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a pension administrator and a verification specialist. Additionally, a pension administrator has an average salary of $57,547, which is higher than the $31,564 average annual salary of a verification specialist.

The top three skills for a pension administrator include customer service, plan administration and IRS. The most important skills for a verification specialist are customer service, patients, and data entry.

Pension administrator vs verification specialist overview

	Pension Administrator	Verification Specialist
Yearly salary	$57,547	$31,564
Hourly rate	$27.67	$15.18
Growth rate	7%	7%
Number of jobs	50,422	26,348
Job satisfaction	-	5
Most common degree	Bachelor's Degree, 67%	Bachelor's Degree, 37%
Average age	45	45
Years of experience	6	6

Pension administrator vs verification specialist salary

Pension administrators and verification specialists have different pay scales, as shown below.

	Pension Administrator	Verification Specialist
Average salary	$57,547	$31,564
Salary range	Between $37,000 And $87,000	Between $24,000 And $41,000
Highest paying City	Needham, MA	San Jose, CA
Highest paying state	New Jersey	California
Best paying company	Kerkering Barberio	Jacobs Engineering Group
Best paying industry	-	Insurance

Differences between pension administrator and verification specialist education

There are a few differences between a pension administrator and a verification specialist in terms of educational background:

	Pension Administrator	Verification Specialist
Most common degree	Bachelor's Degree, 67%	Bachelor's Degree, 37%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Pension administrator vs verification specialist demographics

Here are the differences between pension administrators' and verification specialists' demographics:

	Pension Administrator	Verification Specialist
Average age	45	45
Gender ratio	Male, 35.7% Female, 64.3%	Male, 23.9% Female, 76.1%
Race ratio	Black or African American, 11.1% Unknown, 3.7% Hispanic or Latino, 15.4% Asian, 7.9% White, 61.4% American Indian and Alaska Native, 0.4%	Black or African American, 11.2% Unknown, 3.7% Hispanic or Latino, 15.2% Asian, 7.3% White, 62.3% American Indian and Alaska Native, 0.4%
LGBT Percentage	9%	9%

Differences between pension administrator and verification specialist duties and responsibilities

Pension administrator example responsibilities.

Lead special project team construct to interpret the initial impact of ERISA legislation on company pension operations.
Participate in establishing and testing pension plans on PeopleSoft to automate applicable calculations.
Assist in plan design issues that comply with client needs and ERISA and DOL laws.
Train in filing of 5500 tax returns with the DOL.
Review trend analysis for fail ACP and ADP tests.
Conduct top heavy, ADP, and ACP compliance testing of define contribution plans.

Verification specialist example responsibilities.

Manage the TRICARE information program by presenting information utilizing available media, group presentations, or mailings.
Maintain confidentiality of all patient medical information adhering to HIPPA regulations and Medicare / Medicaid policies.
Verify primary insurance eligibility by phone with agents or online regarding Medicaid recipients and to determine payment responsibilities to providers.
Verify medical coverage and benefits to providers and members, review certain ICD9 and CPT codes.
Verify patient effective date of insurance, including CPT and diagnosis codes and general policy information.
Receive extensive training on insurance plans and types, HIPAA compliance, PatientPlus programming and other workplace relate topics.

Pension administrator vs verification specialist skills

Common pension administrator skills

Customer Service, 11%
Plan Administration, 9%
IRS, 7%
Financial Statements, 7%
ERISA, 7%
DOL, 5%

Common verification specialist skills

Customer Service, 23%
Patients, 18%
Data Entry, 13%
Insurance Verification, 4%
Medicaid, 4%
Verification Process, 3%

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Pension Administrator
Pension Administrator vs Verification Specialist

Updated January 8, 2025

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