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PERS modernization: agency outlines cautious 8—10-year shift to COTS pension system, seeks interim funding
Summary
PERS told the subcommittee its modernization program will pursue a commercial off-the-shelf (COTS) pension administration system and a phased, multi-year rollout; the agency asked for $4.8 million in other funds for near-term planning and implementation items, while LFO recommended partial approval and deferral on DevOps funding.
PERS modernization director Christy Ivers and CFO Richard Horford told the General Government Subcommittee the pension administration system (PAS) the agency uses is more than 20 years old and that the modernization program has completed an options analysis and a "strategic reset." PERS intends to purchase a commercial off-the-shelf (COTS) pension administration system and pursue a phased rollout over what the program estimates could be eight to 10 years.
Ivers said the program will…
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