Altair Payroll

Transforming the retiree payroll process. Altair Payroll automates payroll and provides a single data source for faster processing, fewer errors, and complete compliance.

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Robust payroll management

Altair Payroll is trusted to process over 20 million payments every year, and ensures full compliance at every step. With real-time payroll and tax reporting, it’s always got you covered.

Altair Payroll is an integral module within the Altair ecosystem. This means you don’t just get a comprehensive retiree payroll system. Plus the benefits of seamless integration with Heywood’s member engagement platform and Heywood Insights.

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Seamless integration
Altair Payroll offers effortless integration with Altair, utilizing a single database for both administration and payroll data.
Complete compliance
Ensure compliance with US Federal and State tax withholding regulations, including support for IRS reporting requirements such as 1099-R forms and integration with tax authorities. Altair Payroll supports adherence to all applicable US pension payroll legislation.
Enhanced efficiency
Boost operational efficiency with automated payroll processing, including multiple payment types and frequencies. The system supports off-cycle and immediate payments, third-party deductions, and generates audit trails and control reports to streamline pensioner payroll management.

Reasons to choose Altair Payroll

Here are four reasons why Altair Payroll is the number one choice for pension administrators nationwide:

Single database, securely hosted in North America

All your data, in one place. Reduce data transfer risks and resource demands by consolidating data in a single database, ensuring consistent COLA across administration and payroll data.

Automated data transfer

Automate data transfer from the benefit calculation engine to retiree payroll with controlled authorization workflows, reducing payment notification and tax form distribution costs through secure member self-service portal integration.

Simplified processes

Simplify and automate pension payroll processes with integrated validation of tax data, dynamic application of federal and state tax withholding elections, and automated generation of payment files for electronic funds transfers (EFT) to financial institutions.

Professional support

You’ll always get five-star support from our dedicated retiree payroll team, providing expert assistance and advice tailored to US public sector pension plans.

Altair

The configurable, flexible, secure and scalable administration platform for pension plans

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Fully integrated. Fully compliant.

Because Altair Payroll is fully integrated with Altair, your administration and payroll data is stored and processed from a single, secure database. This reduces the risk of error and increases the speed of processing cases.

The system is built to ensure compliance at every step. Altair Payroll supports timely reporting to US Federal and State tax authorities, including 1099-R generation and EFT processing, helping you save time while staying compliant.

We are already experiencing the benefits of reduced administration, including quicker processing of cases due to having an integrated system, and the monthly payroll cycle is clear, quick, and reliable.”

Pensions Operations Manager & Senior Pensions Officer

Who we work with

Our global customer list speaks for itself. At Heywood, we believe a true partnership is a two-way street. Mutual trust and respect are at the core of every interaction. And that’s why we enjoy long-term partnerships with all of our customers.