State and Local Modernization Projects using COTS/MOTS Solutions
- Rick Deshler
- Fri, May 19, 2017
- Pension Administration
Let’s stop beating our heads against a brick wall: 4 fundamental disconnects with outmoded contract terms and conditions
In the last decade, state and local agencies changed the way they implement large software modernization projects; however, the same is not true for the contracts that govern these projects. For this article, we discuss four categories of terms and conditions that are outdated and don’t reflect the evolution of software products or the product implementation approaches required for today’s modernization projects. Consequently, vendors, procurement professionals, lawyers, and client leadership spend significant time, money and emotional capital trying to solve the proverbial “fit a square peg in a round hole” conundrum during negotiations.
Digital Transformation: Future of Pensions
- Rick Deshler
- Mon, Apr 10, 2017
- Pension Administration
Digital Transformation is definitely the rage du jour – and for good reason. Traditional business models have been assaulted as innovative companies radically improve performance and customer reach. Digital advances such as analytics, mobility, social media and smart embedded devices are changing business models, customer relationships, and entire value propositions.
NCTR Chief Shares Why DC Plans are "Inadequate" for Retirement Security
- Rick Deshler
- Thu, Dec 05, 2013
- Pension Administration
Over the last 25 years, the pendulum in the public pension industry has been swinging from Defined Benefit (DB) plans to Defined Contribution (DC) plans. Powerful advocates in the government and financial sectors have proclaimed that DC plans are the key to reforming a broken pension industry, regardless of the state of the economy. In a bear market, DB plans are unsustainable they say. They put state and local agencies on the path to inevitable failure. On the other hand, in a bull market, DC plans significantly outperform DB plans. Why wouldn’t a pension fund want to follow the DC model?
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Sagitec is a global technology solutions company delivering dynamic, tailor-made IT solutions to leading public and private organizations. Subscribe to our blog to stay up-to-date with the latest industry news and trends.