Arkansas Public Safety Retirement Plan Chooses Arrivos Software from Tegrit Technologies

Arkansas Public Safety Retirement Plan Chooses Arrivos Software from Tegrit
Technologies

SOUTHFIELD, Mich., Nov. 6 /PRNewswire/ -- Tegrit Technologies, a leading
provider of innovative software solutions for public employee retirement
systems, is pleased to announce that it has been chosen to implement its
state-of-the-art Arrivos pension administration system for the Arkansas Local
Police and Fire Retirement System (LOPFI).
Based in Southfield, Michigan, Tegrit Technologies will help LOPFI manage
and maintain its retirement program for over 15,000 participants and more than
450 employers. Tegrit Technologies is a division of Tegrit Financial Group, a
New York firm that develops management and financial solutions for the public
sector.
"The Arrivos software from Tegrit Technologies will help our program run
more efficiently and effectively," said David B. Clark, executive director
LOPFI. "We were looking for user-friendly software that will allow us to
manage our own data and make real-time transactions. With this new system, we
will be able to spend less time on administration and more time on providing
service for our members."
LOPFI was established in 1981 as a statewide retirement program dedicated
to fulfilling its mission to "prudently manage and maintain a financially
sound retirement program for Arkansas police officers and firefighters."
For LOPFI, Tegrit Technologies will provide a modular solution built on
the Microsoft.NET platform. The multi-phased project consists of three main
browser-based components designed specifically to maximize the efficiency of
managing and administering retirement benefits. The first phase will be fully
implemented by December 2008, with the second phase being completed in
December 2009.
The system includes a superior employer reporting portal, simplifying the
reporting process for LOPFI's multiple employers. The second piece consists
of the powerful pension administration software which includes integrated
participant maintenance, reconciliation, benefit calculators, administrative
tools, employer maintenance and robust reporting features. The final piece
consists of a member self-service portal, allowing registered members secure
access to their information. Each module is easily customized to fit LOPFI's
specific requirements.
"We are very excited to be working with such an outstanding,
professionally operated retirement system," said Stephen D. Garrow, chief
executive officer of Tegrit Financial Group. "We are truly committed to
helping LOPFI provide the best service for Arkansas' dedicated public safety
officers."
About Tegrit Financial Group
Tegrit Financial Group is a private venture capital company dedicated to
delivering innovative, entrepreneurial solutions. Tegrit Financial is focused
on the needs of employers today and tomorrow. Our experts consult with clients
to develop the best products and services and continue working with them to
achieve their highest objectives.
As a wholly owned subsidiary of Municipal Employees' Retirement System of
Michigan (MERS), one of the nation's most respected retirement systems, Tegrit
Financial has deep roots in the public sector and extensive knowledge of the
industry. By bringing together the 60 years of experience of our parent with
the entrepreneurial spirit of a private company, Tegrit Financial delivers the
critical resources employers need.
SOURCE Tegrit Technologies

Robert Barkin of Arkos Group for Tegrit Technologies, +1-301-448-9645