How Abacus Intel’s Mortality Data Can Save Your Pension Plan Millions
For pension plans, a missing mortality event can become an expensive problem. When participant mortality goes unidentified, benefit payments may continue for weeks, months, or even years. Beyond the financial impact, plans can face recovery efforts, record corrections, audit documentation, and additional administrative work. That’s why timely, accurate mortality data matters. Abacus Intel’s MVerify® helps […]
Prepare Now for Annual Funding Notices
August is Pension Protection Month, a reminder that protecting a pension plan begins with protecting the quality of the data behind it. While Annual Funding Notices (AFNs) are distributed after the close of the plan year, the work to ensure accurate reporting starts well before year-end. As pension plans begin preparing for year-end reporting and […]
The Hidden Cost of Unreported Mortalities
A single missed mortality event can lead to months, or even years, of improper payments. While most pension plans, retirement systems, and multi-employer union benefit funds have controls in place, delayed mortality identification remains one of the most persistent challenges in retirement plan administration. For pension administrators, union benefit fund administrators, and retirement system leaders, […]
What Is Mortality Verification and Why Pension Plans Need It
Public pension systems and retirement funds manage billions of dollars in benefits for retirees and beneficiaries. Ensuring that these payments go to the correct individuals is a fundamental responsibility of pension administrators. One of the most important processes supporting this responsibility is mortality verification, the practice of confirming whether a pension participant is still alive. […]
Why Real-Time Mortality Is Essential
As featured on National Conference on Public Employee Retirement Systems (NCPERS) Website. Real-time mortality verification helps financial institutions avoid costly errors by ensuring they stop payments promptly when individuals pass away, reducing fraud, compliance risks, and administrative burden. It shifts organizations from outdated, reactive data processes to proactive, continuous monitoring, improving accuracy, efficiency, and outcomes […]
$207 Million Lost: What Medicaid’s Audit Reveals About Mortality Data Gaps
A recent audit from the U.S. Department of Health and Human Services Office of Inspector General (OIG) highlights a costly and persistent issue: payments continuing after a recorded mortality event. The numbers are significant. Medicaid agencies made an estimated $207.5 million in unallowable capitation payments to managed care organizations on behalf of deceased enrollees in […]
What Pension Plans and Insurers Need to Know About the Ending Improper Payments Act
**This blog was published prior to the Abacus Intel corporate name change in Q1 of 2026. The federal government recently passed the Ending Improper Payments to Deceased People Act, legislation designed to strengthen data sharing and prevent payments from going to individuals after a mortality event has occurred. As Senator John Kennedy stated, “The […]
How Insurance Carriers Can Improve Mortality Verification and Benefit Transfers
When a loved one passes away, families are often overwhelmed – emotionally, logistically, and financially. Amid the grief and the numerous responsibilities that follow, an important question eventually arises: Did my loved one have life insurance, and how do I claim it? The reality is that most beneficiaries don’t file a claim right away. Some […]
The Impact of Job Hopping on Pension Plans
**This blog was published prior to the Abacus Intel corporate name change in Q1 of 2026. The perception that younger workers “job hop” more than past generations is often exaggerated. Research from the National Institute on Retirement Security, in its report Debunking the Job-Hopping Myth about Millennials and Gen Z, shows that millennials and Gen […]
Why Accurate Data Is Essential for Pension Plan Integrity
**This blog was published prior to the Abacus Intel corporate name change in Q1 of 2026. Every year, U.S. pension plans lose millions of dollars to overpayments caused by outdated participant records; each one affecting a retiree who depends on accuracy and trust. As a pension administrator, accurate data is the foundation of financial integrity […]