Benefit Disbursements

We understand the unique needs of pension funds and work collaboratively with their decision-makers to professionally administer their assets.

As one of the largest providers of benefit disbursement services, our core services are comprised of periodic payments and non-periodic payments, including lump sum distributions, death benefits, rollovers and savings and loan withdrawals.

Our specialized services to pension plans include

• Defined benefit and defined contribution plans
• Employee stock ownership plans
• Non-qualified plans

Let our leading-edge technology work for you

You can obtain electronic copies of a wide array of reports, securely and conveniently. Our user-friendly online tool enables you to search for account and participant data so that everything you need is at your fingertips:

• Multiple ACH deposit options – pensioners can choose to have specific amounts deposited into more than one bank account.
• Daily disbursement registers – reflects adjustment activity and enables your staff to view all such activity, including check reissues, off-cycle payments, and funding information.
• Increased report flexibility – our system allows reports to be generated on a daily, monthly, or as-needed basis.

Who's helping you?

Turn to BNY Mellon for unparalleled dedication, experience and support throughout the investment process.