Ohio Police and Fire Pension Fund Contract for V3 Version 9 Solution

NEW YORK, March 10, 2011 /PRNewswire/ -- Vitech Systems Group, Inc., a leading provider of software solutions for benefits administration, announced today that the Ohio Police and Fire Pension Fund (OP&F) have contracted with Vitech to upgrade OP&F's existing V3 System to Vitech's flagship V3 Version 9 solution. This upgrade promises to be the latest of many successes over the course of Vitech's nine-year partnership with OP&F.

"Customer service and efficiency in the operation of our business are amongst OP&F's highest priorities. We are very pleased to have commenced this upgrade which will allow us to further elevate our service levels, expand our service offerings and ensure that we remain one of the nation's premier public pension organizations," said William Estabrook, executive director of OP&F, which has more than $11 billion in market assets.  

OP&F's V3 solution includes enrollment, payroll reporting, contribution accounting, pension processing, benefit payments, workflow and imaging. OP&F will also be implementing the V3 Member Self-Service module and Employer Self-Service module for added customer convenience and efficiency.

"We are so thrilled that OP&F has contracted to upgrade to V3 Version 9," said Frank Vitiello, Vitech's CEO. " We remain ever committed to helping OP&F and all public funds improve their operations and achieve excellence in customer service through our powerful software offering."

About Ohio Police & Fire Pension Fund

The Ohio Police & Fire Pension Fund is a multi-employer pension fund serving more than 53,000 members. OP&F provides pension, disability, and survivor benefits to Ohio's full-time police officers and firefighters and their eligible beneficiaries and sponsors a health care program for eligible benefit recipients.

About Vitech Systems Group, Inc.

Vitech Systems Group, Inc. is a leading provider of benefits administration software to multi-employer retirement plans. Vitech's V3 System is the choice of organizations serving a combined 10,000,000+ participants. Vitech provides its clients with enterprise software, implementation services, subject matter expertise and business processing support. For more information about V3, visit www.vitechinc.com.

SOURCE Vitech Systems Group, Inc.