Articles | May 7, 2024

Changing Pension Administration? Create a Realistic Schedule

If you’re planning to introduce a new pension administration solution (PAS), be aware that the process will likely take longer than what your selected vendor proposed. In fact, it could take significantly longer, depending on the size of your pension office.

An article published in the Spring 2024 issue of PERSist, the newsletter of the National Conference on Public Employee Retirement Systems (NCPERS), which you can access from this page with their permission, explains the importance of creating a realistic schedule for effective management of your PAS project.

Read the Article

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The article covers:

  • Why PAS projects typically take much longer than estimated — 44 percent longer, on average, based on Segal’s experience with 35 public sector PAS replacement projects
  • Three key aspects of a PAS project that can be managed effectively once you have a realistic schedule
  • Five recommendations for managing the PAS procurement process

Although no one desires a long project, being realistic about what is likely to happen helps you to manage the project more effectively.

Planning a PAS project?

Let’s have a conversation about creating a realistic schedule.

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This page is for informational purposes only and does not constitute legal, tax or investment advice. You are encouraged to discuss the issues raised here with your legal, tax and other advisors before determining how the issues apply to your specific situations.