On February 25, 2005, the Buyback function of OPTrust On-Line Services was released to the members of the OPSEU Pension Plan for production use. This new system exposes a rich variety of features to active plan members who have a purchasable Leave of Absence. The On-Line Services buyback system allows the member to:
In summary, the buyback process for an LOA can be completed on-line by the member without intervention by the plan office.
The system has a number of special features to help the member deal with the complexities involved in purchasing a Leave of Absence.
As with all OPTrust On-Line Services, this new system is built around industry best practices in the pension administration area and also best practices in the banking industry. The technology platform used by OPTrust is the best available and has been used to make OPTrust On-Line Services both secure and highly functional.
OPTrust On-Line Services runs hand-in-hand with the OPTrust's Pension And Retirement Information System (PARIS). The On-Line Services buyback system leverages the existing BBS sub-system used by the OPTrust for internal processing of buybacks. The new buyback system is fully integrated with the existing PARIS workflow (CHATS), cheque processing, reciprocal transfer (XFS) and Member Information (MIS) systems.
ESTI is pleased to congratulate OPTrust on the success of this important project to enhance service to over 73,000 members and pensioners. While working with the OPTrust project team and other OPTrust partners, ESTI provided system architecture, software development, and system integration services to OPTrust to facilitate the implementation of the OPTrust On-Line Services Buyback system.
ESTI Project Team ESTI Project Manager: George Odegard, President ESTI Technical Analysts: Jemal Kobussen, Stacy Lloyd, Simon Gadd ESTI Analysts: Mohammed Huq, Kris Heshka Members of the CAST team worked on the new Buyback system.