Flood of city employee early retirements almost delayed the project, but a strong commitment to success and a dedicated team carried the project forward

St. Paul, MN (June 14, 2012) - Sagitec Solutions, LLC, the Minnesota-based IT firm specializing in tailor-made pension administration systems, successfully delivered an integrated line-of-business solution for the Denver Employees Retirement Plan (DERP) of Denver, CO five months ahead of schedule. Despite a flood of early retirements that forced DERP staff to take a three-month hiatus from the project, dedicated teams from both parties collaborated on an innovative solution to the potentially serious setback and drove the project to successful completion. The new system, called CRIS, is live and currently supporting all of DERP’s core business functions.

Sagitec Solutions, LLC, a global technology services company, is implementing its Neospin™ framework at the Denver Employees Retirement Plan (DERP). DERP, which provides a defined benefit retirement plan for over 20,000 employees and retirees of the City of Denver, Colorado and the Denver Health and Hospital Authority, will receive an integrated, browser-based pension administration system to be hosted by Sagitec at their data center in Denver. This multiple-year contract marks Sagitec's second pension system implementation in Colorado.

Sagitec helps the public pension industry improve operational efficiency, increase service levels and respond to change.

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.