Sagitec Addresses People Component of IT Change

October 27, 2011 (PLANSPONSOR.com) - Sagitec Solutions, LLC, a global provider of pension administration software systems, announced the addition of Change Management Services to its list of professional service offerings.

The new services will help pension organizations address the task of transitioning employees and organizational processes to a new IT system by delivering to clients change readiness, system adoption, and organization design services alongside Sagitec’s existing pension administration system business.  

Sagitec said it defines a truly successful implementation project as one that not only meets contractual requirements and timelines, but also prepares end users to champion their new solution. Implementing change management prior to project inception, and continuing through the system design, development, and testing phases, is crucial to ensuring successful adoption, the firm contends.  

Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.

“We recognize the importance of addressing the people component of our system engagements,” said Rick Deshler, Senior Partner at Sagitec, in the announcement. “Increasingly, we’re seeing many pension organizations wait to address the challenges of organization design until late in the project life cycle. With the focus on system functionality and requirements during the early phases of the project, considerations about how the pension organization will transition its workforce to new performance methods are often not fully appreciated until much later, resulting in employee resistance, higher costs, and higher risk. With the addition of Change Management Services, we hope to minimize these risks.”  

Further information can be found at http://www.sagitec.com .

Court Approves Attorney Fees in ERISA Claim

October 27, 2011 (PLANSPONSOR.com) – The U.S. District Court for the Western District of North Carolina ruled, an employee who previously won a claim to re-enter a service-based pension program after repaying a lump-sum distribution she had taken from the plan is entitled to receive repayment of over $161,000 in attorneys’ fees.  

Lynn M. Vincent won her claim in 2010 to be readmitted to Lucent Technologies’ defined benefit pension plan, after she was temporarily laid off. The court found the Lucent benefits committee had incorrectly blocked her efforts to return to the benefits program. The court ruled that the committee members had ignored a section of the plan documents for the Lucent Retirement Income Plan (LRIP) allowing such re-entry to the service-based DB program if Lucent rehired a temporarily laid-off employee within three years. (See Court Orders Lucent Employee Readmitted to DB Plan). 

To determine whether or not to award the attorney’s fees in an ERISA action, the court used five factors: degree of opposing parties’ culpability or bad faith;
ability of opposing parties to satisfy an award of attorneys’ fees;
whether an award of attorneys’ fees against the opposing parties would deter other persons acting under similar circumstances;
whether the parties requesting attorneys’ fees sought to benefit all participants and beneficiaries of an ERISA plan or to resolve a significant legal question regarding ERISA itself; and
the relative merits of the parties’ positions.

Get more!  Sign up for PLANSPONSOR newsletters.

The case is Vincent v. Lucent Technologies Inc., W.D.N.C., No. 3:07-cv-00240.

«