After understanding what to look for in a Pension Administration Software – and how to evaluate whether or not it will meet your organizational goals – it’s time to focus on another obstacle entirely: implementation. Depending on the size of the organization, transitioning to a new solution could take weeks, months – even years. Plus, new regulations and innovations can sometimes cause further delays and overhaul hindrances. In truth, this project is no small feat.

PRISM, an IT conference targeted at public pension administrators, is always a fantastic venue to learn about what’s trending, share lessons learned, and network with pension agencies from around North America. And, the 2019 PRISM conference did not disappoint!

The National Pension Education Association (NPEA) annual conference is always a great forum to discuss how retirement education and communication initiatives can help members, employers, and agencies. This year was no different. We had great conversations and learned a lot from our clients, peers, and all attendees. We also found that most are also interested in talking to their peers (or identifying peers they can talk to) to get lessons learned and see how they’ve tackled different issues – I hope this blog throws some light on what is important to participants we spoke to.

CHALLENGE

Benefits administration is complex. Thousands of business rules and decisions are made every day to determine tax/contribution rates, validate transactions, compute benefits, process claims, and manage exceptions. If these rules were set in stone, managing them would not be so difficult. However, business rules are always in flux, placing strains on your systems, processes, and employees.

1. What is MVVM?

MVVM – short for Model-View-ViewModel – is an architecture pattern that takes advantage of user device capabilities and browser memory to improve application performance.

http://www.sagitec.com/blog/a-to-z-of-pension-terminology 

Are you well versed with pension/retirement terminology? If not, take a go at our pension alphabet.

Application performance management, including monitoring and logging, are critical success factors for almost any IT shop. The problem is that many of the tools available on the market to provide you with insights into the root cause of an issue are expensive and need a good data feed from the native application to work well.

Lessons Learned from the 2018 PRISM Conference