Following is a high-level summary of the contents of this
document - describing L. R. Wechsler, Ltd. (LRWL), our experience
in support of public employee and teacher retirement systems,
areas of expertise, and project descriptions. We encourage
readers to review the entire document to better understand
our philosophy and approach to serving our clients.
L. R. Wechsler, Ltd. (LRWL)
is a consulting firm
whose focus, over recent years,
has been on supporting the management and technology
consulting needs of Public Employees' and Teachers'
Retirement Systems. LRWL has provided consulting services to
forty-one
public retirement system clients. While many of our major
projects result in new automated retirement systems, we do
not provide such implementation services. We assist retirement
system clients in obtaining services of the "best-fit" implementation
vendors for them, and we then facilitate the project, provide
oversight services, and protect the client's interests.
Our overall services related to process improvement, planning,
and procurement include:
Business Process Re-engineering
(BPR)
- Identify, review, and document clients'
current business processes
- Identify and document areas for improvement and reengineering
- Assist in implementing process
reengineering recommendations
Planning
- Strategic and business planning
- Information technology (IT) planning
- Disaster recovery planning (DRP)
- Business continuity planning (BCP)
- Developing work
breakdown structure
- Establishing project
milestones
- Assigning resources
- Identifying task
dependencies
- Scheduling tasks
- Producing project Gantt
chart
- Tracking progress
against project plan
- Periodically updating
project plan
Needs Assessment
- Review and document current work processes
and business rules
- Technology assessments
- Best practices assessments
- Requirements definitions
RFP Production and Implementation
- Identification of RFP requirements in addition
to functional needs
- Definition of data
requirements
- Definition of process
and organizational change requirements
- Definition of project
staffing requirements
- Definition of vendor
payment points
- Definition of
procurement terms and conditions
- Assembly of RFP
attachments
- Definition of optional project elements
Procurement Assistance (Bid
Assessment)
- Develop evaluation methodologies and selection
criteria
- Conduct pre-proposal bidders conferences
- Prepare answers to bidder questions
- Request clarifications from bidders
- Conduct bidder reference checks
- Develop and facilitate the conduct of product demonstration
scenarios
- Facilitate objective scoring of technical and cost proposals
- Working with management and attorneys,
negotiate contracts on the client's behalf
Oversight Project Management and Quality Assurance
After the client selects the implementation vendor, LRWL
helps to ensure the implementation will best serve the client's
needs. We monitor schedules, review products and processes,
and help minimize implementation vendor change order costs
for "out-of-scope" work. At its highest level, this includes
oversight project management and quality assurance activities
such as:
- Breaking the project into manageable work
units
- Establishing sign-off processes
- Reviewing and commenting on project deliverables
- Facilitating meetings, requirements sessions, testing
activities
- Assuring that minutes are distributed and action items
are identified
- Monitoring solution provider's project approach
- Monitoring compliance with project requirements
- Contingency planning and risk mitigation
- Assisting in issues resolution
- Assuring the quality of both products and
processes
Operational Support
In addition, LRWL can assist the client in ensuring that
the requisite staff, process, and infrastructure are in place
on an ongoing basis. This may include the following operational
support activities:
- Review staffing and organizational reporting
- Facilities support
- Identify "quick hit" Improvements
- Redesign of forms and letters
- Development and implementation of performance metrics
- Survey other retirement systems
L. R. Wechsler. Ltd. has real-world experience and is committed
to providing clients with the most cost-effective solution
to their needs. We provide senior level consultants at reasonable
rates. Unlike some competitors, we have no other product or
service to sell. We are the most cost-effective alternative.
We are committed to the public employee retirement system
market. Our repository of reusable materials - including oversight
management and RFP documents - are customized and prove invaluable
to clients.
We suggest that you might want to contact our previous clients
to learn how our comprehensive services have led to cost-effective
solutions that are sensitive to each client's "culture"
and specific needs.
The table below presents a profile/summary of LRWL's public
retirement system clients.
|
|
|
|
|
|
|
|
|
|
New York SLRS |
142.6 |
601.3 |
342.2 |
943.5 |
3001 |
Yes |
No |
750 |
|
New Jersey DPB
|
74.7 |
543.4 |
219.9 |
763.3 |
1710 |
Yes |
No |
348 |
|
Ohio PERS |
72.0 |
370.0 |
150.0 |
520.0 |
3800 |
Yes |
No |
600 |
|
North Carolina DST RSD
|
64.7 |
536.0 |
189.1 |
725.1 |
1600 |
Yes |
No |
163 |
|
Michigan ORS
|
53.4 |
356.8 |
200.8 |
557.6 |
893 |
Yes |
No |
195 |
|
Pennsylvania PSERS (School)
|
51.9 |
255.0 |
156.0 |
411.0 |
734 |
Yes |
Yes |
290 |
|
Georgia TRS
|
44.6 |
263.8 |
66.3 |
330.1 |
375 |
Yes |
No |
135 |
|
Virginia Retirement System
|
41.6 |
325.0 |
119.4 |
444.4 |
798 |
Yes |
No |
300 |
|
New York City ERS |
35.5 |
175.0 |
127.3 |
302.3 |
11 |
Yes |
No |
200 |
|
Massachusetts TRS |
32.6 |
88.0 |
42.2 |
130.2 |
409 |
Yes |
Yes |
100 |
|
Maryland SRA |
32.1 |
100.2 |
188.1 |
288.3 |
139 |
Yes |
Yes |
225 |
|
Pennsylvania SERS (State)
|
28.8 |
110.0 |
98.7 |
208.7 |
108 |
Yes |
Yes |
197 |
|
Tennessee CRS |
28.0 |
204.7 |
89.8 |
294.5 |
444 |
Yes |
No |
90 |
|
Missouri PERS/NTRS
|
25.8 |
46.6 |
16.1 |
62.7 |
536 |
Yes |
No |
102 |
| Nevada PERS |
19.5 |
100.0 |
31.0 |
131.0 |
170 |
Yes |
Yes |
53 |
|
Iowa PERS |
18.8 |
160.9 |
79.6 |
240.5 |
2388 |
Yes |
No |
88 |
|
Mississippi PERS |
17.4 |
282.3 |
67.0 |
349.3 |
879 |
Yes |
No |
145 |
|
Georgia ERS
|
14.8 |
74.4 |
31.5 |
105.9 |
530 |
Yes |
No |
115 |
|
Kentucky RS |
14.3 |
143.1 |
69.3 |
212.4 |
1751 |
Yes |
No |
245 |
|
Indiana PERF (State)
|
13.0 |
155.1 |
54.4 |
209.5 |
1100 |
Yes |
No |
136 |
|
Kansas PERS |
11.3 |
147.8 |
61.1 |
208.9 |
1461 |
Yes |
No |
84 |
|
Illinois SERS |
10.5 |
69.2 |
54.8 |
124.0 |
76 |
Yes |
No |
70 |
|
New Mexico PERA
|
10.3 |
66.9 |
22.3 |
89.2 |
689 |
Yes |
Yes |
84 |
|
Hawaii ERS
|
9.2 |
63.1 |
33.3 |
96.4 |
5 |
Yes |
Yes |
74 |
|
Maine SRS
|
9.0 |
52.4 |
32.3 |
84.7 |
651 |
Yes |
Yes |
137 |
|
Idaho PERS
|
8.5 |
64.4 |
27.2 |
91.6 |
684 |
Yes |
Yes |
58 |
|
Indiana TRF (School)
|
7.2 |
73.9 |
38.5 |
112.4 |
386 |
No |
No |
42 |
|
Louisiana SERS
|
7.1 |
64.2 |
30.5 |
94.7 |
352 |
Yes |
No |
133 |
|
Rhode Island ERS
|
6.3 |
27.7 |
17.1 |
44.8 |
110 |
Yes |
No |
26 |
|
Oklahoma PERS
|
5.5 |
43.9 |
22.4 |
66.3 |
267 |
Yes |
No |
54 |
| San Bernardino County ERA |
4.6 |
20.0 |
5.8 |
25.8 |
10 |
Yes |
No |
30 |
|
Contra Costa County ERA |
4.5 |
9.3 |
6.1 |
15.4 |
16 |
Yes |
No |
37 |
|
Milwaukee ERS |
4.5 |
12.1 |
14.2 |
26.3 |
6 |
Yes |
No |
40 |
|
New
Hampshire RS |
4.1 |
51.1 |
19.0 |
70.1 |
570 |
Yes |
No |
50 |
|
State-Boston RB |
3.1 |
20.0 |
14.0 |
34.0 |
35 |
Yes |
No |
106 |
| Colorado FPPA |
2.9 |
14.8 |
7.0 |
21.8 |
865 |
Yes |
No |
25 |
|
Vermont OST/RD |
2.7 |
24.2 |
9.5 |
33.7 |
400 |
Yes |
No |
15 |
|
Kern
County |
2.5 |
8.2 |
5.1 |
13.3 |
14 |
Yes |
No |
19 |
|
Fairfax County ERS |
2.3 |
14.5 |
4.9 |
19.4 |
1 |
Yes |
No |
32 |
| North Dakota PERS |
1.7 |
17.9 |
6.0 |
23.9 |
360 |
Yes |
No |
30 |
|
Virgin Islands GERS |
1.9 |
9.3 |
5.5 |
14.8 |
42 |
Yes |
Yes |
89 |
|
|
