Teamwork and dedication prove keys to overcoming challenges and delivering LAGERS’ new ECLIPSE system successfully.
Saint Paul, MN – Sagitec Solutions, a global provider of tailor-made IT solutions for the pension industry, announced today the on-time, on-budget completion of a state-of-the-art pension administration solution for the Missouri Local Government Employees Retirement System (LAGERS). Featuring Sagitec’s Neospin™ pension administration software, LAGERS’ new system (aka ECLIPSE) puts the retirement fund at the forefront of the public pension industry by giving them advanced business capabilities not present in the legacy system.
“ECLIPSE enables us to offer the advanced services members, retirees, and employer organizations expect from a modern retirement fund,” said Keith Hughes, LAGERS’ Director.
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Among the most significant advancements that ECLIPSE provides is the ability to combine and disburse multiple benefit payments as a single payment, to accept or cancel online payments from employers, to automatically process ACH/check returns, and to merge data from multiple accounts into a streamlined member annual statement. ECLIPSE also features a Member Web Portal that provides online retirement/withdrawal applications and a benefit calculator for LAGERS’ 32,000 members.
“ECLIPSE empowers LAGERS to deliver outstanding customer service for decades to come,” said Paul Eberhart, Regional Director for Sagitec. “The flexible nature of our software architecture will make certain that LAGERS can respond to future requirements with minimal changes or rework.”
The ECLIPSE project team overcame significant challenges to implement the system successfully over 36 months, like navigating a sea of complex business rules and performing multiple data migrations from a legacy system of numerous, disparate components. LAGERS’ atypical retirement plan options added another layer of difficulty.
“Teamwork was instrumental in making the ECLIPSE project succeed on time and within budget,” noted Jim Schilmoeller of Provaliant Retirement, who served as LAGERS’ Project Manager. “Both parties showed tremendous commitment to building an exceptional pension administration solution.”
About Missouri LAGERS
The Missouri Local Government Employees Retirement System (LAGERS) is a non-profit public pension system created by the General Assembly of the State of Missouri. LAGERS provides retirement, disability and survivors benefits to local government employees within the state. Currently, the organization covers over 32,000 active members from over 625 employers and pays benefits to over 16,000 retirees. LAGERS is committed to serving their members by providing benefits in the most economical manner possible. More information at http://www.molagers.org.
About Sagitec Solutions
Sagitec Solutions, LLC is an innovative IT firm that designs and delivers tailor-made pension administration systems for public and private retirement funds. With broad industry experience, Sagitec empowers retirement systems to realize their strategic service visions and drives those visions into action. Sagitec is headquartered in the Twin Cities, MN. They have additional domestic offices in Denver, Co and Topeka, KS, and international offices in Pune and Chennai, India. Sagitec has been implementing IT solutions successfully across the United States since 2004. Further information can be found at http://www.sagitec.com or by contacting Rick Deshler at (651) 335-3406 or at rick.deschler@sagitec.com.