Orange County Employees Retirement System Implementing Vitech's V3 Solution

NEW YORK, Jan. 27, 2011 /PRNewswire/ -- Vitech Systems Group, Inc., a leading provider of software solutions for benefits administration, announced today that the Orange County Employees Retirement System (OCERS) has selected the V3 Benefits System as its new administration solution and is now installing the new software as part of a multi-year implementation contract.

"We selected Vitech's V3 System for its rich functionality, extreme flexibility and advanced technology underpinnings," said Steve Delaney, Chief Executive Officer of OCERS, a public pension fund with assets of $8.5 billion. "We look forward to our new V3 System helping us streamline operations and contain costs while increasing service levels."

Vitech has been contracted as the solution integrator and will partner closely with OCERS on the new system's implementation. The new solution includes enrollment, wage reporting, billing, benefits processing, payment, workflow, imaging and self service functionality. The system is a browser-based, SOA compliant, enterprise application.

"OCERS is a premier retirement organization and we are very excited to be partnering with them on this important undertaking," said Frank Vitiello, Vitech's CEO.

About Orange County Employees Retirement System

Orange County Employees Retirement System is a public pension fund with approximately $8.5 billion in assets. It administers retirement and disability benefits for approximately 28,000 active employees and deferred members, and 12,000 retired employees. For more information, visit www.ocers.org.

About Vitech Systems Group, Inc.

Vitech Systems Group, Inc. is a leading provider of benefits administration software and services to commercial, public agency and government, and Taft-Hartley plans. Vitech's V3 System is the choice of organizations serving a combined 10 million participants. Headquartered in New York City, Vitech provides its clients with proprietary enterprise software, related implementation services, subject matter expertise and business processing support. For more information about V3, visit www.vitechinc.com or e-mail [email protected].

SOURCE Vitech Systems Group, Inc.