OPTrust launches new online services portalNew platform utilizes JEA's penweb technology to modernize user experiencePosted: June 11, 2019
TORONTO, June 11, 2019 – OPTrust, one of Canada’s largest defined benefit pension plans, together with JEA, a leading Canadian pension software company, today announced the launch of a new online services portal for members. The new portal, based on JEA’s PENWEB technology and deployed in partnership with JEA, builds on OPTrust’s commitment to member experience. With the addition of mobile device support for members, PENWEB delivers a modern user experience and a technology base with which new features and functionality will continue to be introduced.
In 2018, OPTrust was ranked in the top six pension plans globally for service according to CEM Benchmarking, with members and retirees rating their service experience with a score of 9.1 out of 10.
“As a pension delivery organization, we exist to serve our members.” said OPTrust Interim President & CEO Doug Michael. “JEA is helping us develop and implement leading technology solutions, an important part of our commitment to deliver an efficient and user-friendly experience.”
OPTrust selected JEA’s PENWEB Member Portal as a solution to deliver online services to members. As a highly flexible application that JEA configures in accordance with each client’s specific requirements, PENWEB allows OPTrust to offer a unique experience for members and employers.
“JEA has based PENWEB on a foundation of industry-leading technologies in order to accommodate the broad spectrum of requirements that our clients have, including branding, styling, and content needs across all popular device types,” said JEA CEO James Evans. “Our investment into generic product configurability has allowed us to deploy a highly exclusive, client-specific instance of PENWEB, which in turn enables OPTrust to deliver a bespoke and world-class user experience for its members.”
OPTrust has further streamlined the operational approach for online services technology by selecting JEA’s Managed Services delivery option for PENWEB. This approach ensures that service and technology support is provided with the highest degree of operational efficiency, allowing OPTrust’s Member Experience team to continue to deliver world class service.
Further details on OPTrust’s commitment to member experience can be found in the 2018 Funded Status Report, Building for the Future. OPTrust is a minority shareholder in JEA.
With net assets of almost $20 billion, OPTrust invests and manages one of Canada's largest pension funds and administers the OPSEU Pension Plan, a defined benefit plan with almost 95,000 members and retirees. OPTrust was established to give plan members and the Government of Ontario an equal voice in the administration of the Plan and the investment of its assets through joint trusteeship. OPTrust is governed by a 10-member Board of Trustees, five of whom are appointed by OPSEU and five by the Government of Ontario.
JEA, a Victoria, British Columbia-based company, is one of Canada's leading pension software firms. JEA's solutions are used to administer over 1.5 million individual member pensions across public and union plans in Canada and the United States. JEA provides solutions that enable organizations to operate their pension plans with great flexibility, using configurable rules-based solutions capable of managing the most complex, defined benefit pension plans. Offering solid, reputable and easy-to-use technology coupled with people who have extensive pension knowledge, JEA offers full-service pension software, solutions and consulting services.
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