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Trustees briefed on multi‑phase migration to Velocity pension system; 90‑day warranty standard
Summary
At a March meeting of the Board of Trustees of the Retirement System, staff reviewed a multi‑phase software migration to Velocity, including phase timing and a standard 90‑day warranty; trustees asked about extended coverage and system testing.
The Board of Trustees of the Retirement System heard an update on the agency's migration from its legacy pension software to a new system called Velocity and on warranty and testing plans.
Garret, CEO of the Retirement System, told trustees the work will span roughly two years. “So we're really looking at a 2 year endeavor, but at the end of that period, I assure you that we will have a properly functioning pension system and, we will have appropriately re engineered business procedures for the 20 first century,” he…
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