Vitech, a leading provider of administration software to retirement, insurance and investment organizations, announced today that the Pennsylvania Public School Employees’ Retirement System (PSERS) has gone live on V3 Version 10, Vitech’s flagship platform.
PSERS has upgraded to V3 Version 10 from their prior V3 Version 5 installation. V3 Version 10 is a contemporary, browser-based solution that will help PSERS improve operating efficiencies, expand administrative capabilities and deliver an enhanced level of service to its customers. The upgrade also includes a new self-service web portal which provides members with 24/7 access to their accounts and the ability to complete routine updates and requests online.
“PSERS is committed to providing its members with outstanding customer service,” said Glen Grell, Executive Director of PSERS. “Our long and successful partnership with Vitech and its V3 software led to the Member Self-Service Portal which will truly make our system more robust and convenient for our 500,000 members.”
“We are thrilled by this latest milestone in our long and successful partnership with PSERS,” said Frank Vitiello, CEO of Vitech.
Since 1917, PSERS has been serving the public school employees of the Commonwealth of Pennsylvania. The number of individuals served has grown from 37,000 in 1919 to more than 500,000 today. Balancing stability and growth through prudent investment policies, PSERS’ assets have grown from $6 billion in 1982 to approximately $56 billion as of March 31, 2018. PSERS is a defined benefit plan; a qualified trust under Section 401(a) of the Internal Revenue Service Code.
About Vitech and V3
Vitech Systems Group, Inc. is a leading provider of administration software to retirement, insurance and investment organizations. Vitech provides its clients with proprietary enterprise software, related implementation services and ongoing support. For more information, please visit http://www.vitechinc.com.
V3 is a highly scalable, configurable administrative platform that addresses the complex needs of retirement, insurance and investment organizations. It is an award winning, contemporary technology solution available for both on-premise or cloud-based deployments.