Teacher Retirement System of Texas

Washington State Department of Retirement Systems Awards Pension Modernization Project to Sagitec Solutions

Retrieved on: 
Wednesday, October 18, 2023

ST. PAUL, Minn., Oct. 18, 2023 /PRNewswire-PRWeb/ -- The Washington State Department of Retirement Systems sought to modernize their 30-year-old legacy technology with a cloud-hosted, modified off-the-shelf pension administration solution.

Key Points: 
  • ST. PAUL, Minn., Oct. 18, 2023 /PRNewswire-PRWeb/ -- The Washington State Department of Retirement Systems sought to modernize their 30-year-old legacy technology with a cloud-hosted, modified off-the-shelf pension administration solution.
  • "We chose Sagitec because their solution was the best fit for DRS, and because they're experienced, collaborative, and committed to a successful partnership," said DRS Project Management Office Director Amy McMahan.
  • The new system will replace DRS' systems for member information, benefit administration, receivables management, disbursement and document management.
  • Sagitec's Neospin Pension Administration Solution fulfills DRS's business needs and is poised to evolve as technology evolves.

Frontline Education Releases Year-to-Date Administration Software Innovation Summary

Retrieved on: 
Monday, September 18, 2023

Malvern, Pa., Sept. 18, 2023 (GLOBE NEWSWIRE) -- Frontline Education , a leading provider of administration software purpose-built for educators in K-12, today released a comprehensive year-to-date innovation summary that underscores the company's commitment to anticipating and meeting the evolving needs of school districts across the country.

Key Points: 
  • Malvern, Pa., Sept. 18, 2023 (GLOBE NEWSWIRE) -- Frontline Education , a leading provider of administration software purpose-built for educators in K-12, today released a comprehensive year-to-date innovation summary that underscores the company's commitment to anticipating and meeting the evolving needs of school districts across the country.
  • Frontline Recruiting and Hiring was significantly enhanced to streamline the process of hiring and onboarding.
  • Additionally, the existing 2011/2013 Danielson Rubric offered by Frontline has been updated to include the latest teaching courses and assessments.
  • Recent releases include the ability to migrate data from the previous Online 5 version and import leave transactions including files from Frontline Absence Management.

National Policy Institute Launches to Develop and Disseminate Research to Support State and Local Public Sector Employees and Retirees

Retrieved on: 
Thursday, June 29, 2023

WASHINGTON, June 29, 2023 /PRNewswire/ -- Today, a new organization – the National Institute for Public Employee Health Care Policy – launches to advance and safeguard the interests of public sector employees, retirees, and their dependents by developing and disseminating research that supports their access to affordable, comprehensive, high-quality health care in the United States.

Key Points: 
  • The National Institute for Public Employee Health Care Policy will work to advance the knowledge base on key issues impacting public sector purchasers, their health care plans, and the state and local government employees they serve.
  • As health care costs continue to rise, development and dissemination of research and analyses to support the preservation of the high-quality health care benefits that public sector employees, retirees, and their dependents rely on has never been more important.
  • Today, the newly formed National Institute for Public Employee Health Care Policy officially launches to answer that call.
  • The National Institute for Public Employee Health Care Policy (the Institute) is a non-profit (501)(c)(3), nonpartisan, national policy institute focused on public policy areas impacting health care plans available to public sector employees, retirees, and their beneficiaries.

Milliman hires Ryan Falls to expand statewide public pension work

Retrieved on: 
Thursday, May 11, 2023

SEATTLE, May 11, 2023 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today announced the addition of Ryan Falls as a consulting actuary and a statewide public pension system marketing lead.

Key Points: 
  • SEATTLE, May 11, 2023 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today announced the addition of Ryan Falls as a consulting actuary and a statewide public pension system marketing lead.
  • Ryan will focus on continuing to expand the firm's statewide public pension consulting business, which already serves many of America's largest and most complex public pension systems.
  • "Ryan is a leader in statewide system plan design and sustainability and has worked closely with plan sponsors on public pension plan reform," says Matt Larrabee, a principal and consulting actuary with Milliman.
  • His work, especially in the southwestern US, will help Milliman expand our offerings and complements our strong public pension expertise."

National Institute on Retirement Security Delivers Report on Impacts of Retirement Plan Design on Teacher Retention to Alaska Department of Education

Retrieved on: 
Thursday, April 27, 2023

WASHINGTON, April 27, 2023 /PRNewswire/ -- The National Institute on Retirement Security ( NIRS ) has delivered a new report to the Alaska Department of Education on the impacts of various retirement benefit offerings on the recruitment and retention of Alaska's public education employees.

Key Points: 
  • WASHINGTON, April 27, 2023 /PRNewswire/ -- The National Institute on Retirement Security ( NIRS ) has delivered a new report to the Alaska Department of Education on the impacts of various retirement benefit offerings on the recruitment and retention of Alaska's public education employees.
  • A new report details the impact of retirement benefits on the recruitment and retention of Alaska's teachers.
  • The new report, Alaska Teacher Recruitment and Retention Study: Options and Analysis Supporting Retirement Plan Design, is based on Alaska Retirement Management Board data.
  • Using available information about the retention of Alaska's educational workforce, the report offers insights on the policy decisions involved with returning to defined benefit pensions.

Frontline Education Releases Product Innovation Summary for the Second Half of 2022

Retrieved on: 
Tuesday, March 21, 2023

Human Capital Analytics is a net-new product that provides school leaders with unprecedented access to personnel data from Absence Management, Recruiting & Hiring and Professional Growth.

Key Points: 
  • Human Capital Analytics is a net-new product that provides school leaders with unprecedented access to personnel data from Absence Management, Recruiting & Hiring and Professional Growth.
  • The product delivers actionable insights so district leaders can confidently and optimally manage staff.
  • Innovation priorities for the second half of last year focused on increasing efficiency for staff.
  • Tehama County Department of Education : Managing the financial needs of the county’s schools is complex but doesn’t need to be daunting with the support of Frontline ERP.

SWK Holdings Appoints Jerry Albright to Board of Directors

Retrieved on: 
Wednesday, March 15, 2023

DALLAS, March 15, 2023 /PRNewswire/ -- SWK Holdings Corporation (Nasdaq: SWKH) ("SWK" or the "Company"), a life science focused specialty finance company catering to small- and mid-sized commercial-stage companies, today announced that Jerry Albright has been named to the Company's Board of Directors and will replace Wendy DiCicco, who chose not to seek re-election to the Board because of external professional commitments.

Key Points: 
  • DALLAS, March 15, 2023 /PRNewswire/ -- SWK Holdings Corporation (Nasdaq: SWKH) ("SWK" or the "Company"), a life science focused specialty finance company catering to small- and mid-sized commercial-stage companies, today announced that Jerry Albright has been named to the Company's Board of Directors and will replace Wendy DiCicco, who chose not to seek re-election to the Board because of external professional commitments.
  • The transition will be effective March 15, 2023, with Mr. Albright joining Board Chair, Laurie Dotter, and directors, Robert K. Hatcher, and Marcus Pennington, on the Board.
  • "We believe Jerry's expertise in board protocols and practices should allow for a seamless transition from Ms. DiCicco, who has served on our Board since February 2022.
  • Mr. Albright has also previously served on the Advisory Board of the Finance Department at Texas A&M University.

Report Finds K-12 Pension Debt Costs Threaten Education Equity in Texas

Retrieved on: 
Tuesday, January 31, 2023

NEW YORK, Jan. 31, 2023 /PRNewswire/ -- Equable Institute and Opportunity Institute have released new research exploring the effect of teacher pension debt on education resource equity in Texas.

Key Points: 
  • NEW YORK, Jan. 31, 2023 /PRNewswire/ -- Equable Institute and Opportunity Institute have released new research exploring the effect of teacher pension debt on education resource equity in Texas.
  • The report, titled Pension Debt Challenges for Equity in Education: The Effect of Teacher Unfunded Liability Costs on K–12 Education Funding in Texas , found that growing unfunded pension liabilities for teachers and other school employees have silently undermined Texas' ability to improve education outcomes for students and inequitable impacts on teachers through growing costs and regressive funding mechanisms that subsidize wealthy districts.
  • An increasing share of state and local K–12 education spending has been siphoned off to cover pension costs.
  • This report is one of four reports detailing the impact of unique pension debt challenges facing state education budgets across the U.S.

SWK Holdings Names Jody Staggs Chief Executive Officer and Appoints Laurie Dotter as Chair of the Board

Retrieved on: 
Tuesday, January 3, 2023

DALLAS, Jan. 3, 2023 /PRNewswire/ -- SWK Holdings Corporation (Nasdaq: SWKH) ("SWK" or the "Company"), a life science focused specialty finance company catering to small- and mid-sized commercial-stage companies, today announced that Jody Staggs has been named the company's Chief Executive Officer.  In September 2022, Mr. Staggs was promoted to the position of President and interim Chief Executive Officer.  Effective January 1, 2023, Mr. Staggs holds the titles of President and Chief Executive Officer of SWK Holdings.

Key Points: 
  • In September 2022, Mr. Staggs was promoted to the position of President and interim Chief Executive Officer.
  • Effective January 1, 2023, Mr. Staggs holds the titles of President and Chief Executive Officer of SWK Holdings.
  • Additionally, SWK has appointed Laurie Dotter as Chair of the Board of Directors.
  • "Officially elevating Jody to Chief Executive Officer of SWK is a reflection of his strong leadership following his promotion to president and interim CEO in September 2022," said Ms. Dotter.

Puerto Rico Statutory and Private Employee Benefits Report 2022 Retirement Benefits, Long-term and Short-term Sickness Benefits, Medical Benefits as well as Other State and Private Benefits - ResearchAndMarkets.com

Retrieved on: 
Thursday, November 17, 2022

The "Puerto Rico Statutory and Private Employee Benefits (including Social Security) - Insights into Statutory Employee Benefits such as Retirement Benefits, Long-term and Short-term Sickness Benefits, Medical Benefits as well as Other State and Private Benefits, 2022 Update" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Puerto Rico Statutory and Private Employee Benefits (including Social Security) - Insights into Statutory Employee Benefits such as Retirement Benefits, Long-term and Short-term Sickness Benefits, Medical Benefits as well as Other State and Private Benefits, 2022 Update" report has been added to ResearchAndMarkets.com's offering.
  • The report provides in-depth industry analysis, information, and insights of the employee benefits in Puerto Rico, including an overview of the state and compulsory benefits in Puerto Rico, detailed information about the private benefits in Puerto Rico, insights on various central institutions responsible for the administration of the different branches of social security and the regulatory framework of the employee benefits in Puerto Rico.
  • In Puerto Rico, employers provide voluntary retirement benefits to their employees through qualified pension, stock bonus and profit sharing plans.
  • It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits
    It covers an exhaustive list of employee benefits, including retirement benefits, death in service, long-term disability benefits, medical benefits, workmen's compensation insurance, maternity and paternity benefits, family benefits, unemployment, leaves and holidays and private benefits