New Java Program for Public Plans

April 29, 2002 (PLANSPONSOR.com) - A Michigan company has released Clarety-Java edition, a new browser-based version of its pension administration software aimed at public pension funds.

Covansys Corporation said in its press release that the new software would give pension participants and retirees access to their retirement accounts on a more timely and efficient basis.

On the administration side, the Clarety – Java edition allows plan administrators to offer a higher and more efficient level of customer service, the company claimed.

The company said its Clarety software was first offered for mainframe systems in 1992, then for a Windows client-server system four years later and with a Web extension to the client-server system in 2000.

The Covansys executives said they get about 30% of their total operating revenue from state and local government customers.

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