Functions also include processing retiree updates (direct deposit, address changes, federal tax withholdings, benefit adjustments), Pension Benefit Increases (PBI), mailing of retiree 1099R forms, depositing tax payments with the IRS, processing electronic payment returns and stop payments, completing agency tax returns, and numerous reconciliations to the general ledger. Benefits - TRSL offers a generous benefits package including: a defined benefit pension plan, health insurance that is also available post retirement, at least 10 paid holidays, sick and annual leave that rolls over from year to year, paid or time off accrued for hours worked over 40 per week, a deferred compensation plan, a flexible benefits plan, alternate work schedules, etc.