Dave Prentis, Your Pension
UNISON is balloting members for industrial action over the threat to your pension. Vote ‘yes’ and together we can send a powerful message to protect our pensions. Visit: www.unison.org.uk
Video Rating: 5 / 5
The future of private pension plans (Studies in social security and retirement policy)
The future of private pension plans (Studies in social security and retirement policy)
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Categories: Social Security Retirement Tags: Future, Pension, Plans, Policy, Private, Retirement, Security, Social, Studies
Managed 401(k) Provider to Excel with Pension Bill
Birmingham, Mich. (PRWEB) August 9, 2006
The passage of the wide reaching Pension Bill, in development for seven years, could have a significant impact on anyone who owns a 401(k). This is what Actium LLC of Birmingham, Michigan is counting on to turn their startup into a nationally known brand name.
Actium LLC (http://www.myactium.com) provides a managed 401(k) service, which allows a professional to manage a 401(k) on behalf of the account holder. This kind of service was at the center of much of the controversy surrounding the Pension Bill, passed by the Senate on Friday and expected to be signed into Law. Rep Boehner, one of the lead negotiators of the bill, successfully fought to repeal the long-standing conflict of interest rule that stopped mutual fund companies from offering advice to 401(k) account holders.
The passage of this bill means mutual fund companies will now be allowed to choose mutual funds on behalf of 401(k) account holders. Those opposed to repealing this rule felt it presented a conflict of interest because it would allow mutual fund companies to choose funds on behalf of an account holder. These choices could favor the fund company at the expense of a 401(k) participant.
The passage of the Pension Bill also means new guidelines that remove liability for companies who choose to use managed 401(k) services. This could be a significant development for those who own a 401(k).
Sagitec Reports Progress on ?State of the Industry? Pension System for PSRS/PEERS of Missouri
Jefferson City, MO (PRWEB) July 29, 2011
Seeking to enhance business processes and improve service levels to members and employers well into the 21st century, the Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS) partnered with Sagitec Solutions, LLC, a global provider of IT administration solutions, to implement a new framework-based, ?state of the industry? pension administration system. The project, dubbed ?OASIS,? implements Sagitec?s Neospin? framework, which provides a technical architecture flexible enough to support PSRS/PEERS? existing application functionality but includes many enhanced core functions such as data integrity, full transaction processing, security and internal controls. The OASIS project began in March 2010 and is Sagitec?s second major pension system implementation in the state of Missouri.
“When we began the search process for a pension software vendor we were looking for a company who had successfully built and implemented a proven solution for a complex retirement system like PSRS/PEERS of Missouri,? says Dearld Snider, Assistant Executive Director of Operations for PSRS/PEERS. ?After conducting a thorough bid process it was easy to see why Sagitec had built such a strong reputation in the public pension arena over the last several years. Now that the project is fully underway, our staff is very excited about the progress made thus far, and we’re looking forward to continuing our partnership with Sagitec throughout the project and beyond.?
Sagitec Senior Partner Rod Sheppard adds, ?The OASIS project marks our second major implementation in the state of Missouri and we are proud of the successful relationship that has been built between PSRS/PEERS and our team. Over the past few years we?ve familiarized ourselves with the Missouri public pension arena, and that has been critical in allowing us to quickly and accurately identify and satisfy the business needs of PSRS/PEERS.?
?We serve 220,000 educators,? said Mr. Snider, ?so the solution needed to be flexible enough to meet our requirements today while allowing us to make adjustments in the future. Thus far the project has been a complete success, and we are thrilled with the quality and expertise of the Sagitec consultants, and how they have blended with our organization to form a first-rate project team.?
Outlasting competitors over the course of several rigorous evaluations, Sagitec won the contract thanks in large part to their component-based Neospin? framework, a pension administration solution which can evolve and scale easily to fit a client?s needs. The company?s successful track record in the state of Missouri was also critical in securing the winning bid. Sagitec is also currently engaged in a separate implementation for the Missouri Local Government Employees Retirement System (LAGERS) in Jefferson City.
About MO PSRS/PEERS
PSRS/PEERS provides service retirement, disability, and survivor benefits for more than 220,000 active and retired Missouri public school teachers, school employees, and their families. PSRS/PEERS generated an investment return of 21.5% for the current fiscal year holds assets of approximately $ 30.7 billion, making the combined entity larger than all other public retirement plans in Missouri combined, and the 42nd largest defined benefit plan in the United States.
About Sagitec
Sagitec Solutions, LLC 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 innovative IT administration solutions successfully across the United States since 2004. Other states running Sagitec?s Neospin? framework include Kansas, Colorado, North Dakota, Virginia, and Massachusetts. Further information can be found at http://www.sagitec.com or by contacting Rick Deshler at (651) 335-3406 or at service(at)sagitec(dot)com.
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Categories: Public Employee Retirement System Tags: Industry, Missouri, Pension, Progress., PSRS/PEERS, Reports, Sagitec, State, System
FOP Lodge 86 on Rick Scotts pension reform and private sector vs government sector
There is a clear difference between the government sector and the private sector. The difference in pension plans should be just as clear. Rick Scott is running the Florida Retirement System (FRS) to the ground. Visit www.FOP86.com and www.facebook.com and help us battle Rick Scott and support your local law enforcement officers, correction officers, fire fighters and teachers.
Video Rating: 5 / 5
Categories: Florida Retirement Tags: Government, Lodge, Pension, Private, Reform, Rick, Scotts, Sector
Graying Teachers: A Report on State Pension Systems and School District Early Retirement Incentives
Graying Teachers: A Report on State Pension Systems and School District Early Retirement Incentives
List Price: $ 12.50
Price: $ 11.95
Categories: Retirement System Tags: District, Early, Graying, Incentives, Pension, Report, Retirement, School, State, Systems, Teachers'
Pension Annuities (Explained)
Visit www.annuitycampus.com Call 1.800.643.7544 Today! The AnnuityCampus.com Team, are experts in all annuities and life insurance and we can help you find the best annuity policy to fit Your Needs and not the needs of the insurance company. Call Today and receive a Free Book, What all Stock & Mutual Fund Investors Should Know! 1-800-643-7544
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Categories: Retirement Income Tags: Annuities, Explained., Pension
Rescuing Atlanta’s Pension System
Mayor Kasim Reed on the politics and brokering to change the city’s indebted pension.
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A Pension Benefit Summary and Retirement System Contact Information
This video briefly summarizes highlights from the other pension videos and explains how to get additional information by meeting with a retirement information representative, by phone, or by mail.
Categories: New York State Retirement System Tags: Benefit, Contact, Information, Pension, Retirement, Summary, System
Pension Income Splitting
Pensioners and their spouses may be able to save on their income tax with pension income splitting. Learn more about how to report and split eligible income. For more information, please visit www.cra.gc.ca
Categories: Retirement Income Tags: Income, Pension, Splitting
