Chicago Laborers' Pension and Welfare Funds Goes Live with V3 Version 10

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May 06, 2015, 01:39 ET

NEW YORK, May 6, 2015 /PRNewswire/ -- Vitech^® Systems Group, a leading provider of administration software to the insurance, retirement, and investment industries, announced today that the Chicago Laborers' Pension and Welfare Funds has successfully implemented their upgrade to Vitech's current release (Version 10) of the V3 System^®. The Funds have 11,000 active employees, 4,000 retirees, 25,000 eligible dependents and 90 system end users.

This upgrade marks a major milestone in a partnership that first began in 1994. In conjunction with the upgrade, Chicago Laborers' V3 operations were migrated to Vitech's Cloud hosting, eliminating the need for any on-site system footprint.

"We are so pleased to see the Chicago Laborers' improve their operations and achieve excellence in customer service through our software offering." said David Goldbaum, Vice President at Vitech. "This would not have been possible without the continued efforts and dedication by the combined teams."

"Our new and improved V3 System will enable us to continue meeting our goal of providing our members and employers with the best service possible." said Rini Collo, Assistant Director of Information Services at Chicago Laborers' Pension and Welfare Funds.

The V3 System is a scalable and configurable group administration solution for insurance, retirement and investment organizations. It offers enrollment, billing, benefit administration and payment functionality in a single solution along with a powerful enterprise suite of tools including Workflow, CRM, Self-Service and Business Intelligence.

About the Laborers' Pension and Welfare Funds

Chicago Laborers' Pension and Welfare Funds is a Taft-Hartley benefit organization. Its mission is to provide health and welfare and pension benefits to participants covered by collective bargaining agreements between the Union and contributing employers. Chicago Laborers' Pension and Welfare Trustees work together with the goal of building a secure future for their members during retirement.

About Vitech Systems Group, Inc.

Vitech^® Systems Group, Inc. is a leading provider of group administration software to the insurance, retirement and investment industries. Vitech provides its clients with its proprietary enterprise software, related implementation services and ongoing support. For more information, please visit www.vitechinc.com.

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SOURCE Vitech Systems Group, Inc.