NEW YORK, July 5 /PRNewswire-FirstCall/ — Affiliated Computer Services, Inc. (NYSE: ACS), a premier provider of business process outsourcing and information technology services, announced today that Buck Consultants, an ACS company and one of the world’s leading human resource and benefits consulting firms, has been selected by the Employees’ Retirement System of Puerto Rico Electric Power Authority (PREPA) to provide retirement plan administration services. The System covers more than 20,000 active and retired employees.
Under the terms of the three-year contract, Buck Consultants will provide the administrative services through its integrated OnPoint(SM) product. OnPoint will provide PREPA’s Retirement System with an automated tool to administer benefit calculations, manage data, and deliver employee self- service.
"We have been very pleased with the consulting services Buck has provided during our long-standing relationship," said Otoniel Cruz Carrillo, Administrator of PREPA’s Employees’ Retirement System. "We are now expanding these services, because of OnPoint’s impressive capabilities, consulting team, and system support facility."
"Buck is very proud of our 60-year relationship with the Puerto Rico Electric Power Authority. In fact, Buck’s original founder, George Buck, personally helped establish the System’s original retirement program in the 1940s," said Ann Vezina, Group President of ACS Commercial Solutions. "Today, Buck’s OnPoint product is enabling PREPA to take advantage of bundled, cost- effective retirement plan services."
Buck Consultants, an ACS company, is a leader in human resource and benefits consulting with more than 1,500 professionals worldwide. Founded in 1916 to advise clients in establishing and funding some of the nation’s first public and private retirement programs, Buck is an innovator in the areas of retirement benefits, health and welfare programs, human resource management, compensation and employee communication. News and other information about Buck Consultants is available at http://www.buckconsultants.com . Buck is an independent subsidiary of Affiliated Computer Services, Inc.
ACS, a global FORTUNE 500 company with more than 55,000 people supporting client operations reaching nearly 100 countries, provides business process outsourcing and information technology solutions to world-class commercial and government clients. The Company’s Class A common stock trades on the New York Stock Exchange under the symbol "ACS". ACS makes technology work. Visit ACS on the Internet at http://www.acs-inc.com .
The statements in this news release that do not directly relate to historical facts constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to numerous risks and uncertainties, many of which are outside the Company’s control. As such, no assurance can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statements. Factors could cause actual results to differ materially from such forward-looking statements. For a description of these factors, see the Company’s prior filings with the Securities and Exchange Commission, including our most recent filing. ACS disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future event, or otherwise.
SOURCE ACS, Inc.
Executive Vice President-Chief Financial Officer
Senior Vice President-Chief Marketing Officer
both of Affiliated Computer Services, Inc.