Tier Technologies wins California county pension system deal
- By William Welsh
- Dec 02, 2005
A new Web-based, open-architecture pension administration system from Tier Technologies Inc. is designed to provide a California county with lower pension administrative costs and better program effectiveness.
Under a contract valued at $2.6 million over 26 months, Tier Technologies of Reston, Va., will install the new pension administration system for the Contra Costa County Employees Retirement Association.
Tier Technologies will replace the association's legacy pension systems with TierPAS, a proprietary pension administration solution. Once implemented, the new system will provide a full range of services from membership enrollment and benefits transfer to retirement processing and payroll functions.
The Contra Costa County Employees Retirement Association is a public employee defined benefits retirement system that provides service retirement, disability and death and survivor benefits for the county's employees and 16 other participating agencies. It manages about $4 billion worth of assets for 9,500 active members, 6,000 retirees and 1,300 inactive members.
Tier Technologies, a provider of transaction processing and packaged software and systems integration for the public sector, has about 860 employees and annual sales of $127.9 million, according to Hoover's Online of Austin, Texas.
William Welsh is a freelance writer covering IT and defense technology.