Pensions Retirement Plan Specialist Salary

Average Pensions Retirement Plan Specialist Base Salary in the United States

Average Base Salary

$74,440 Per Year

Salary Range: $42,555 to $107,996

Pensions Retirement Plan Specialist Salary

$42,555

10%

$50,699

25% 

$ 74,440

AVERAGE

$86,159

75%  

$107,996

90%  

How Much Does a Pensions Retirement Plan Specialist Make Per Year in the United States?

The national average salary for a  Pensions Retirement Plan Specialist is $74,440 per year in the United States. It can vary depending on the employer and the skills required for that position, but generally, it will be about $74,440 or more annually for a gross salary. Taxes impact salaries, so to get the net salary we’ve crunched the data and gotten the tax information on what the take-home pay would be after the effective income tax rates. 

Technology Used

Microsoft Excel – Spreadsheet software

Microsoft PowerPoint – Presentation software

SAP business and customer relations management software – Enterprise resource planning ERP software

Microsoft Project – Project management software

Microsoft SharePoint – Cloud-based data access and sharing software

Structured query language SQL – Data base user interface and query software

IBM SPSS Statistics – Analytical or scientific software

Microsoft Visual Basic – Development environment software

Knowledge and Expertise

Personnel and Human Resources

Administration and Management

Mathematics

Customer and Personal Service

Law and Government

Economics and Accounting

Soft Skills

Reading Comprehension

Critical Thinking

Active Listening

Speaking

Writing

Active Learning

What is the salary range of a Pensions Retirement Plan Specialist?

Pensions Retirement Plan Specialist salaries vary depending on the company you work for, your experience level, industry, education, and years of experience. The average annual salary is around $74,440 but a Pensions Retirement Plan Specialist can earn a base salary anywhere from $42,555 to $107,996 per year with some companies paying more than others.

Pay ranges on average for a Pensions Retirement Plan Specialist job title only vary a good amount, which may mean that there are many opportunities to earn more income in the future regardless of the employers or your location, industry, and experience.

A salary range that varies also means there is ability to move up within the company, as there may be as many opportunities for advancement or to change your job title. This opportunity for  advancement can help with can increase their job satisfaction and motivation.

What are the Highest Salaries for a Pensions Retirement Plan Specialist?

The highest Pensions Retirement Plan Specialist salaries in the top 10% earn more than $107,996 per year. The salary range for the top 75% – 90% is between and $86,159 and $107,996 annually.

This salary data and salary estimates come from our Average Pay’s salary database of carefully collected and detailed information about pay across many industries and categories, along with different types of labor data.

What are the Lowest Salaries for a Pensions Retirement Plan Specialist?

The lowest Pensions Retirement Plan Specialist salaries are in the bottom 10% of earners who make less than $42,555 per year. The salary range for the lowest 10% – 25% is between $42,555 and $50,699 annually.   

This salary data and salary estimates come from our Average Pay’s salary database of carefully collected and detailed information about pay across many industries and categories, along with different types of labor data.

What is a Good Salary for a Pensions Retirement Plan Specialist?

If we only look at the data for Pensions Retirement Plan Specialist salaries and we don’t compare it to any other jobs, a good salary for a Pensions Retirement Plan Specialist job would be over $74,440 per year. This is the average salary for this position in the United States. An excellent pay for a Pensions Retirement Plan Specialist would be anything over the top 75%, which is $86,159 annually.

How Can I Increase My Salary as a Pensions Retirement Plan Specialist?

There are a few ways you can increase your average salary for a profession as a Pensions Retirement Plan Specialist. One way is to get promoted to a higher level and take on more duties within your employer. Another way is to gain more experience and skills in your career. You can also try negotiating higher compensation next performance review, when you are up for renewal or starting a new contract with a business.

Finally, you can look for a new job at a different employer that pays more. One thing not to overlook is companies often give their employees incentives and benefits outside of salaries. The total compensation, like healthcare, paid vacation days, 401k matches, bonuses, overtime, professional development, a career path in the company, and other benefits, need to be considered, which can add up to a lot more money than just a salary increase.

What are the Top Paying Industries for a Pensions Retirement Plan Specialist?

The top paying industries for a Pensions Retirement Plan Specialist job vary depending on the position’s specific responsibilities, employers, and qualifications. However, some common reported high-paying industries for include the following:

  • Professional, Scientific, and Technical Services
  • Federal, State, and Local Government
  • Professional, Scientific, and Technical Services
  • Finance and Insurance
  • Educational Services
  • Finance and Insurance

Does a Pensions Retirement Plan Specialist Have a Good Quality of Life?

Based on an average 2-bedroom apartment rental price, a Pensions Retirement Plan Specialist would pay 15.63% of their monthly take-home pay towards rent. That’s $1,310 per month or $15,720 yearly for a two-bedroom apartment.

The rent is less than 30% of the monthly take-home pay for an Pensions Retirement Plan Specialist, which can helps lessen a financial burden and impact their quality of life.

This is because a high rent-to-income ratio would leave less money each month for other expenses, such as food, transportation, recreation, and activities. It can lead to financial stress, impacting overall job satisfaction and motivation.

Considering the cost of living in a city when considering whether to accept a job offer is essential. If the cost of living is too high, it might not be worth it, even if the salary is good.

Does a Pensions Retirement Plan Specialist make good money?

 In general, a Pensions Retirement Plan Specialist can make a good salary. The national average salary is $52,632 annually which is less than the average Pensions Retirement Plan Specialist salary, meaning most earn a livable wage. According to data and labor statistics from the Bureau of Labor Statistics, the average Pensions Retirement Plan Specialist pay is above the median salary.

However, salaries can vary depending on the company you work for, what you are responsible for, education, college degree, work experience, job market, and your experience level. The highest-paid can earn upwards of 107,996 per year, while the lowest-paid income is less than 42,555 annually.

If you want to maximize your earnings as a Pensions Retirement Plan Specialist, take on more responsibility, and gain more experience in related skills. Also, build interpersonal skills and strong leadership skills, get a certification in your field and then negotiate for a higher salary next performance review, when you are up for renewal or starting a new contract with a business.

The best thing you can do is develop yourself and gain knowledge. Many courses, additional training, and professional development opportunities in your area can help increase your skills and development in your job or related field.

You can also get your resume reviewed and look for a new employer that will hire and pay more or look for a career change that is hiring and may interest you more.

Salaries are also relative to the cost of living in different parts of the country. For example, the compensation for a Pensions Retirement Plan Specialist will need to be higher if it is in or closer to larger cities like New York City or some states like California. The increase in pay in these areas is because of the higher than average cost of living and more interested applicants for employment versus someone living in a small town. With the cost of housing increasing and medical care premium costs, it is essential to ensure you are getting paid what you are worth.

How do I know I’m being paid fairly as a Pensions Retirement Plan Specialist?

The easiest way is to see how close your current salary is to the average pay for your position in your state and city. If your income is below the estimated average wage in your area, you can try to negotiate for a raise.

You can use our research and tools to discover the average salary for a Pensions Retirement Plan Specialist in your city or region to see if you are being compensated fairly. You may also compare your income to similar jobs and careers to determine whether you are underpaid or overpaid. Lastly, you can set up job alerts to see how the job market trends.

A few other ways you can research whether you’re being paid fairly as a Pensions Retirement Plan Specialist is to do a job search to look at job postings for similar positions and see the estimate for the listed salary range. You can also talk to people in your network who have similar jobs and ask them what they earn. Finally, you can try negotiating a higher pay when you are up for renewal, having a performance evaluation, or starting a new contract.

What Factors Determine the Salary of a Pensions Retirement Plan Specialist?

The money a Pensions Retirement Plan Specialist can make each year greatly depends on a few components that determine an average base salary.

The company you work for is one of the main factors that affect how much a Pensions Retirement Plan Specialist earns.

The compensation will also depend on the location, as some states and cities have a higher cost of living than others. Other factors that affect compensation are the number of hours worked, company size, job type, level of experience in your career, and location.