Pension Administration Software
Overview
Fit Score
Settle Intelligence
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SUMMARY
DESCRIPTION
The State of Michigan is seeking a vendor to provide a hosted, web-based pension administration software solution for its public employee retirement system. The system must leverage modern technology and incorporate industry best practices to deliver a comprehensive database platform suitable for managing all aspects of retirement benefits.
Key requirements include secure, around-the-clock remote access to handle any database emergencies, individual user tracking with features such as unique passwords, automatic lockdown after failed login attempts, and automatic shutdown after periods of inactivity. The solution should offer a robust suite of pension-related services, including benefit calculations, retirement estimates, and death and disability computations, supporting Retirement System staff, the Retirement Board, as well as plan members, retirees, and beneficiaries with accurate and immediate information.
Vendors are expected to submit all questions regarding this opportunity by December 10, 2025.
Source attribution
This Settle analysis is based on the issuing organization’s public RFP listing.