Public pension systems face overpayment risks due to fraud or gaps in mortality data from the Death Master File (DMF). Complications include state-specific data restrictions, errors, and labor-intensive record verification, adding complexity to the issue.
Our system strategically assists public pensions by handling data complexities securely, preventing overpayments and fraud risks. Abacus Intel’s solution ensures robust mortality data management, freeing administrators to focus on core functions.
Abacus Intel crafted a tailored solution for public pensions, automating mortality verification to reduce manual work. Leveraging advanced tech, our method ensures accurate and comprehensive data.
MVerify® confirms participants’ mortality using databases and obituaries, ensuring accurate records and preventing fraud.
LifeVerify uses mail, phone outreach, and a detailed audit trail report to comply with Department of Labor and IRS guidelines for locating participants.
BeneVerify reunites missing relatives with entitled benefits post-participant’s mortality, using commercial databases and thorough investigations.
