Fire & Police Pension Association of Colorado Selects Sagitec to Implement New Integrated Pension Administration Solution
Sagitec helps the public pension industry improve operational efficiency, increase service levels and respond to change.
Eagan, MN (PRWEB) June 20, 2006 -- Sagitec Solutions was selected by the Fire & Police Pension Association of Colorado (FPPA) as their system integrator to design, develop and install a new pension administration system. The FPPA was established in 1980 and administers a statewide multiple employer public employee retirement system providing defined benefit plan coverage as well as death and disability coverage for police officers and firefighters throughout the State of Colorado. FPPA also administers over 200 separate defined benefit pension funds for police officers, firefighters, and volunteer fire; as well as a statewide money purchase plan, a statewide hybrid plan, and a 457 deferred compensation plan.
Under the terms of the agreement, Sagitec will tailor its Neospin™ pension administration framework to implement a new system that improves FPPA’s ability to respond to technology and business change. Sagitec will integrate document management, automated workflow, and accounting with a new line-of-business solution to further improve FPPA’s operational performance. When complete the new solution will provide FPPA with better record keeping and benefit calculation capability, enhanced ability to provide counseling and customer service and secure web based access for members and employers to access services.
“FPPA is ready to move forward with the next generation of technology that will provide enhanced services to our members and employers,” said Kim Collins, Chief Operations Officer, Fire & Police Pension Association of Colorado.
Rick Deshler, senior partner at Sagitec, added, “We are excited about working with FPPA to help them rapidly move to the forefront of operational excellence using our Neospin™ framework. With 216 plans and a myriad of frequently changing business rules FPPA has the complex business environment for which Neospin™ was designed.”
About Sagitec Solutions
Founded in 2004, Sagitec is a technology solutions company that partners with public sector agencies to solve business problems created by complex and frequently changing business rules. Neospin™, Sagitec’s flagship solution framework helps State and Local agencies implement business solutions that are agile, evolutionary, and interoperable. For more information, visit www.sagitec.com.
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