St Petersburg Opengov #RFP- 26 - 194

City of St. Petersburg Seeks Cloud-Based Pension Management Software Solution

The City of St. Petersburg is seeking a modern, cloud-based Pension Administration and Management Software Solution to replace its legacy system and Oracle Payroll integration. - Government Buyer: - City of St. Petersburg, Finance Department - Products/Services Requested: - Comprehensive SaaS (Software as a Service) pension management platform - Must support end-to-end pension administration, including: - Data management - Benefit calculations - Retirement processing - Reporting - Must accommodate three legally separate pension entities, each with unique federal IDs and plan documents - Integration and migration from legacy system and Oracle Payroll - System migration services - Background check services for project implementation - OEMs and Vendors: - No specific OEMs or vendors are named in the solicitation - Unique/Notable Requirements: - Solution must be fully cloud-based (SaaS) - Must ensure regulatory compliance and high-quality user experience for all stakeholders - Vendors must comply with all legal and regulatory requirements - Comprehensive migration services required - Background checks are mandatory for implementation personnel - Procurement managed via the OpenGov portal

Description

The City of St. Petersburg is soliciting proposals for a comprehensive Pension Administration and Management system to replace its legacy system. The new solution must be a fully SaaS cloud-based platform that provides end-to-end pension administration capabilities, ensuring accurate processing, regulatory compliance, and a quality experience for members, retirees, beneficiaries, and plan sponsors. The project involves migrating from the current legacy system and Oracle Payroll integration to the new platform, covering three legally separate pension entities. The procurement is managed by the Finance Department, with a response deadline of May 26, 2026.

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