Navigation Links
Vitech's V3 Pension Administration Software Improves IPERS' Business

DES MOINES, Iowa, Nov. 24 /PRNewswire/ -- Vitech Systems Group, Inc. (Vitech) has completed phase one of its V3 Pension Administration System Implementation at the Iowa Public Employees' Retirement System (IPERS). IPERS, one of the largest public pension funds in the U.S., contracted with Vitech in 2006 to implement and maintain a complete pension administration solution. The solution provides advanced capabilities and increases efficiency, transforming IPERS' business.

Over the past two years, Vitech has worked collaboratively with IPERS to customize Vitech's V3 Software to meet IPERS' requirements. The software is a browser-based benefits administration solution that provides completely integrated functionality for the administration of multi-employer pension and health funds.

The V3 Software provides superior capabilities that improve customer service, document imaging integration, employer contributions reporting and member account maintenance. The result is an overall transformation of manual procedures to more effective automated ones. In addition, a self-service website reaching 2300 employers in all 99 Iowa counties makes reporting and contributing to IPERS easy and instantaneous.

In 2007, IPERS processed about 1 million member benefit payments totaling over $1 billion and collected nearly $575 million in contributions. Donna M. Mueller, CEO of IPERS, notes that with the increasing number of baby boomers retiring over the next decade, it is essential that IPERS use technology to keep up.

Mueller described the software as "A smart, safe, and solid computer technology for our employer that also lets us do business in smarter ways."

Vitech will continue to work with IPERS to expand and improve the system so that IPERS' members can complete even more business online.

"We are so pleased to have been able to partner with IPERS in this very important and successful undertaking. It is exciting to see the positive impact our software is having on IPERS' business," said Frank Vitiello, President of Vitech.

About Vitech Systems Group

Vitech Systems Group is a national leading provider of web-based enterprise system solutions to mid-sized and large pension and health plans. Vitech offers the V3 Benefits Administration System, a powerful, world-class software solution. Vitech also offers world-class implementation services through its administration solutions practice.


IPERS is the largest public retirement organization in Iowa. On June 30, 2008, IPERS had $22.4 billion in assets and a membership of more than 300,000 current and former public employees.

SOURCE Vitech Systems Group, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Health and Pension Benefits Provider Turns to Xiotechs TimeScale Replication Services to Protect Critical Data
2. Ranbaxy First to Gain Approval to Manufacture and Market Clarithromycin for Oral Suspension, USP
3. Wyeth Receives FDA Approval of Protonix for Delayed-Release Oral Suspension
4. Researchers predict pensions catastrophe
5. Ranbaxy Gains Approval to Manufacture and Market Cefuroxime Axetil for Oral Suspension
6. The Miracle of Funding by State and Local Pension Plans
7. Fitness Anywhere, Maker of the TRX Suspension Trainer(TM), Releases Two New Specialized Training Programs
8. Congressman Gregory W. Meeks to Ask for Suspension of CARES Process at the St. Albans Veteran Campus
9. Major Union Questions PA Pension Fund, Calls on PSERS to Protect Workers, Retirees
10. Roxane Laboratories, Inc. Initiates a Nationwide Voluntary Recall of Two Manufacturing Lots of Sodium Polystyrene Sulfonate Suspension in the US and Puerto Rico
11. Actuaries to Host Forum on Public Pension Disclosures
Post Your Comments:
(Date:6/26/2016)... (PRWEB) , ... June 26, 2016 , ... ... fertility once they have been diagnosed with endometriosis. These women need a treatment ... also require a comprehensive approach that can help for preservation of fertility and ...
(Date:6/25/2016)... ... June 25, 2016 , ... First Choice Emergency Room , ... Sesan Ogunleye, as the Medical Director of its new Mesquite-Samuell Farm facility. , ... our new Mesquite location,” said Dr. James M. Muzzarelli, Executive Medical Director of First ...
(Date:6/24/2016)... ... June 24, 2016 , ... A recent article published ... unfamiliar with. The article goes on to state that individuals are now more comfortable ... less common operations such as calf and cheek reduction. The Los Angeles area medical ...
(Date:6/24/2016)... ... June 24, 2016 , ... Global law firm Greenberg Traurig, P.A. announced that ... chosen by their peers for this recognition are considered among the top 2 percent ... special honors as members of this year’s Legal Elite Hall of Fame: Miami ...
(Date:6/24/2016)... ... June 24, 2016 , ... EB Medicine presented its first-ever ... Medicine conference in Ponte Vedra Beach, FL. The awards honor the outstanding work ... Practice and Pediatric Emergency Medicine Practice. , “With this award, we recognize ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... , June 24, 2016  Consumers have taken ... regulators/payers have placed more emphasis on patient outcomes. ... support programs in the pharmaceutical industry have evolved ... Consequently, pharmaceutical companies are focusing on becoming more ... providing products and services that improve health. ...
(Date:6/24/2016)... 24, 2016  Global Blood Therapeutics, Inc. (GBT) (NASDAQ: ... novel therapeutics for the treatment of grievous blood-based ... closing of its previously announced underwritten public offering ... public offering price of $18.75 per share. All ... by GBT. GBT estimates net proceeds from the ...
(Date:6/24/2016)... Dublin - ... " Global Markets for Spectroscopy Equipment" report ... This report focuses on the global market of ... applications in various applications. The report deals with spectroscopy ... industries: pharmaceutical and biotechnology, food and beverage, and environmental ...
Breaking Medicine Technology: