Gaithersburg, MD (PRWEB) July 1, 2010
Talbot Business Solutions, LLC, a premier software solutions provider, announced today the formal release of the new Multi-Pension Benefits Module for their Taft-Hartley Membership and Benefit Fund Administration and Management software product suite, MTSS-mba. Customers will benefit from the new template capability for tracking simultaneous, multiple pension programs offered by employers.
This versatile module permits each employee to participate in any number of Pension Benefit Programs offered from as many employers as have had a relationship with the employee. Each pension plan participant’s contributions and vesting calculations are tracked individually and allow for different vesting and contribution rules. Each pension plan can be associated with all or only selected employers. Contract start dates, plan stop dates, contribution rules, benefit calculations, etc., are all per pension plan and can be changed individually without affecting past transactions or other pension plans. “What-if” scenarios can be calculated for pension benefit payouts either separately or combined. Reports can be generated for all or for selected pension plans. As with all other MTSS-mba modules, data is easy to see and simple to maintain.
MTSS-mba began as a custom developed software application in 1991 and was designed to track and administer membership, and membership benefit fund data, for membership based organizations having benefit fund entities.
MTSS-mba has now matured to a tremendously robust, custom-tailored software product serving the private and Taft-Hartley multi-employer, benefit fund industry and those entities tasked with maintaining health and welfare, legal services, pension or other benefit trust funds. MTSS-mba also tracks and maintains non-benefits related information such as dues, PAC, employment data, dependent data, etc.
MTSS-mba – Membership and Benefits Administration Software, is the result of careful study of current private and Taft-Hartley multi-employer, employee benefit administrators’ informational and data processing requirements.
Since its inception and introduction to the market place, the feature set of MTSS-mba has continued to expand. These features now include reporting and calculating dues, benefits eligibility, payments, payment shortages, document imaging, member and benefit statistics as well as automated downloading and posting of employer and membership data, benefit provider reconciliation, eligibility and benefit experience costing, pension remittance and vesting processing and web access; all of which reflect a mature product’s evolution, responding to industry changes and user requests.
Every MTSS-mba module and feature has been designed for user friendliness and user tested to ensure it is providing the desired information. MTSS-mba modules are seamlessly interwoven and result in a cohesive, intuitive application that runs smoothly, fast, and fits each user’s needs to a 'T'. MTSS-mba is easy to maintain and designed to be contention free; even for hundreds of simultaneous users - so ‘nobody has to wait’. Data is quickly and easily retrieved at your desktop; right where you need it.
Simply put, MTSS-mba was “Designed to make you a Hero!” To learn more about MTSS-mba visit: http://www.MTSS-mba.com
About Talbot Business Solutions, LLC
Founded in Gaithersburg, MD in 1990, Talbot Business Solutions, LLC is led by experienced Membership and Employee Benefits Administration veterans who have a history of providing excellent service to the private as well as Taft-Hartley Employee Benefits community.
About The GriffRex Group llc
A management consulting firm working with business, to integrate financial management, marketing methodology, sales process, operations & corporate strategy with analytics to implement corporate performance management to help companies grow.
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