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Sagitec Press Releases

Missouri LAGERS Chooses Sagitec for New Pension Administration System

Sagitec Solutions, LLC has launched the implementation of a new benefits administration solution for the Missouri Local Government Employees Retirement System (LAGERS). Sagitec, a global technology services company, won the multi-year contract to replace LAGERS's existing system with a customized version of its industry leading Neospin™ framework. LAGERS, which administers multiple retirement, death, and disability benefit plans for over 44,000 participants and 553 participating political subdivisions across Missouri, seeks to improve business processing speed and accuracy, and extend self-service capabilities to members and employers.

"LAGERS, like many public pension funds, needs an updated system capable of meeting the modern needs of their members," said Rick Deshler, Sagitec Senior Partner. "In this challenging economic environment, organizations are understandably cautious about major IT investments. Sagitec will keep the total cost of ownership down while extending and leveraging LAGERS's IT investment with the exact features they require."

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Sagitec's Neospin™ framework will replace the multiple applications of LAGERS's current system with an integrated, browser-based solution built on a Microsoft .NET platform. The solution, to be called ECLIPSE, will also feature integration with a new accounting package and office automation. Sagitec will implement the ECLIPSE project in multiple phases, with a scheduled final release in March 2012.

"Sagitec's solution provides a framework capable of accommodating the uniqueness of our retirement plan," said Bill Schwartz, LAGERS executive secretary, "They have also provided a project team with a regular presence on-site."

About Sagitec

Sagitec Solutions, LLC is headquartered in Denver, CO. They have additional domestic offices in the Twin Cities (MN) and Topeka (KS), and international offices in Pune and Chennai, India. They have been in business since 2004, and have a resume that includes public pension funds for the states of Kansas, Colorado, North Dakota, California, Virginia, and Missouri.

Further information can be found at http://www.sagitec.com or by contacting Rick Deshler at (651) 335-3406.

Topics: Pension Administration System Implementation, New Clients, Missouri, City Retirement System, County Retirement System