Monday, April 9, 2007
Indiana Benefits Outsourcing plan hits key milestone
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Finance & AccountingIndiana Benefits Outsourcing plan hits key milestoneBy Ken Kusmer, Associated Press, March 17, 2007
INDIANAPOLIS, USA - The outsourcing of Indiana's welfare safety net reached a milestone recently when more than 1,500 workers left their state jobs to join a group of private vendors who will streamline the benefits operations.
Over 1,500 employees of the Indiana Family and Social Services Administration leave their state jobs and begin work for the Hoosier Coalition for Self Sufficiency, the IBM-led group taking over some welfare eligibility work. Under a 10-year contract with the state, the team will perform & automate the document collection needed to verify clients' eligibility for welfare programs.
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the full news report from here @ IndyStar
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USAACS Wins Renewed Defined Contribution Outsourcing Contract With Public Employee Retirement System of IdahoDALLAS, March 27 -- Affiliated Computer Services, Inc. (NYSE: ACS) , a premier provider of business process outsourcing and information technology solutions, announced today that it has been awarded a renewal of its defined contribution outsourcing contract with the Public Employee Retirement System of Idaho (PERSI), a multi-billion dollar retirement plan providing long-term benefits for more than 100,000 members who have had careers in public service. The three-year contract is valued at $4.7 million, with a two-year renewal option.
ACS has been providing participant recordkeeping, communications, and compliance services for PERSI members of their supplemental 401(k) plan since 2001. These services will continue under the terms of the renewed agreement, with ACS enhancing its communications services to include consulting services that will promote PERSI's defined contribution plan, which ACS supports. ACS will also manage a state-of-the-art participant website on behalf of PERSI.
ACS won the business despite strong competition, underscoring its successful track record with PERSI, as well as a history of delivering exceptional service in the defined contribution plan arena. The contract is one of a number of recent renewals for ACS in the human resource outsourcing (HRO) and the total benefits outsourcing lines of business.
"ACS delivers expert knowledge of complex issues and a consistent commitment to technical excellence that translates into efficient, accurate, and customer-focused servicing for our members," said Diane Kaiser, Choice Plan 401(k) Manager of PERSI. "With ACS' help, we have measurably enhanced our member services in the 401(k) plan, and at the same time, improved and streamlined efficiencies. We value ACS' partnership approach and flexibility, especially in the somewhat unique environment of a governmental 401(k) plan, which allows us to work closely together to effectively meet the diverse needs of our members."
"Total benefits outsourcing is a core competency of ACS' HRO business," said David Bywater, ACS Senior Managing Director, HRO Solutions. "Paired with our industry-leading consulting capabilities, ACS has distinguished itself globally as a top HRO provider -- offering comprehensive solutions and best-in-class service and results that help our clients improve their overall performance in human resources. We're extremely pleased about continuing to support PERSI and its members under this renewed agreement."
ACS and PERSI support 680 public employers within the PERSI supplemental defined contribution program, including 63,000 active members, 26,000 retirees, and 18,000 inactive members.
ACS offers a full range of integrated, end-to-end HRO services, and is renowned for its pioneering initiatives that have opened a complete spectrum of customized HRO solutions to large-scale clients around the world. ACS provides HRO services for more than three million people around the globe, delivering services from more than 80 locations in more than 60 countries and supporting 20 languages. ACS' comprehensive suite of HRO capabilities includes total benefits outsourcing -- complete employee services and benefits administration -- as well as strategy and consulting to engineer and improve human resources operations and services.
PERSI is a multi-billion dollar retirement plan designed to provide secure, long-term pension benefits for employees who choose careers in public service. The plan provides defined benefit and supplemental defined contribution retirement plans, disability retirement, survivor, and account withdrawal benefits, with some 63,000 active members, 18,000 inactive members and 26,000 retirees or annuitants receiving benefits. Learn more at http://www.persi.state.id.us/.
ACS, a global FORTUNE 500 company with 58,000 people supporting client operations reaching more than 100 countries, provides business process outsourcing and information technology solutions to world-class commercial and government clients. The Company's Class A common stock trades on the New York Stock Exchange under the symbol "ACS." ACS makes technology work. Visit ACS on the Internet at http://www.acs-inc.com/.
The statements in this news release that do not directly relate to historical facts constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to numerous risks and uncertainties, many of which are outside the Company's control. As such, no assurance can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statements. Factors could cause actual results to differ materially from such forward-looking statements. For a description of these factors, see the Company's prior filings with the Securities and Exchange Commission, including our most recent filing. ACS disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future event, or otherwise.
Website: http://www.acs-inc.com/
Website: http://www.persi.state.id.us/
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ACS Renews Retirement Plan Outsourcing Contract with Allied WasteDALLAS, March 7, 2007 /PRNewswire-FirstCall/ -- Affiliated Computer Services, Inc., a premier provider of business process outsourcing and information technology solutions, announced today that it has been awarded a five-year renewal of its retirement plan outsourcing contract with Allied Waste Industries, Inc., a leading provider of waste services. Financial terms were not disclosed.
ACS has been administering retirement benefits for Allied Waste's employees since 1998. Services include record keeping, administration, benefit calculations, actuarial services, and call center support for Allied Waste's 26,000 retirement plan participants. The renewal highlights ACS' proven strength in large-scale benefits administration, part of its broad range of human resources outsourcing (HRO) solutions.
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news release hereBlogOut provides regular, global outsourcing updates for all industries & business functions, in hundreds of categories. See BlogOut Directory for the complete list of categoriesLabels: benefits-administration, benefits-administration-usa, hr, hr-north-america, hr-sanitation, hr-usa, retirement-benefits, retirement-benefits-usa, sanitation, sanitation-usa