Arkansas Local Police and Fire Retirement System, or LOPFI, has selected Arrivos pension administration system from Tegrit Technologies, a developer of financial applications for the public sector.
Tegrit Technologies will help LOPFI manage and maintain its retirement program.
For Local Police and Fire Retirement System (LOPFI), Tegrit Technologies will provide a modular system 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 system is expected to include a superior employer reporting portal, simplifying the reporting process for LOPFI’s multiple employers. The second piece consists of the 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, said Tegrit.
David Clark, executive director of LOPFI, said: The Arrivos software from Tegrit Technologies will help our program run more efficiently and effectively. 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.
Stephen Garrow, CEO of financial group at Tegrit, said: We are very excited to be working with such an outstanding, professionally operated retirement system. We are truly committed to helping LOPFI provide the best service for Arkansas’s dedicated public safety officers.