Latest news with #SRPS
Business Wire
a day ago
- Business
- Business Wire
Oklahoma Department of Labor Selects Tyler Technologies to Modernize Regulatory Systems
PLANO, Texas--(BUSINESS WIRE)--Tyler Technologies, Inc (NYSE: TYL) announced today that the Oklahoma Department of Labor (ODOL) has selected Tyler's State Regulatory Platform Suite (SRPS) cloud solution, powered by Amazon Web Services (AWS), to improve its regulatory system. Through this agreement, the ODOL will replace legacy systems with a digital platform that streamlines licensing, enforcement, inspections, and online payments. SRPS is designed to help state regulatory agencies automate critical workflows while improving transparency, efficiency, and service delivery. SRPS was chosen to provide a modern cloud-based solution that supports the unique licensing needs of the Department of Labor. 'Tyler's already established success and relationships with state agencies helped pave the way to expand our solution offerings,' said Connie Pearson, general manager of Tyler's Oklahoma state team. 'Additional modernization efforts can expand the efficiencies delivered to state employees and residents.' Embedded within the State Regulatory Platform's Suite is Tyler's field inspections solution, powered by Tyler's modern, artificial intelligence (AI) driven platform. Seamlessly integrated with the platform's licensing and enforcement features, it delivers online and offline mobile support and flexible workflows tailored to the ODOL's field operations. When enabled, integrated AI and machine learning will provide smarter monitoring, compliance, and enforcement. The ODOL's implementation of SRPS will provide them with a solution to automate the end-to-end processes of regulatory enforcement and professional licensing, supporting consistent and timely oversight of the occupational and professional licenses governed by the Department of Labor. 'This collaboration allows us to update our IT functions and most importantly offer online occupational licensure to our consumer base,' said Labor Commissioner Leslie Osborn. 'Digital licensing will create faster and more transparent pathways to employment, transforming how residents access work opportunities.' Tyler has served the state of Oklahoma since 2001 and the ODOL since 2007, providing more than 400 services and acting as the state's preferred payment provider. About Tyler Technologies, Inc. Tyler Technologies (NYSE: TYL) is a leading provider of integrated software and technology services for the public sector. Tyler's end-to-end solutions empower local, state, and federal government entities to operate efficiently and transparently with residents and each other. By connecting data and processes across disparate systems, Tyler's solutions transform how clients turn actionable insights into opportunities and solutions for their communities. Tyler has more than 45,000 successful installations across 13,000 locations, with clients in all 50 states, Canada, the Caribbean, Australia, and other international locations. Tyler has been recognized numerous times for growth and innovation, including on Government Technology's GovTech 100 list. More information about Tyler Technologies, an S&P 500 company headquartered in Plano, Texas, can be found at #TYL_Financial
Business Wire
29-04-2025
- Business
- Business Wire
Schwab Expands Student Loan Matching, Debt Management and College Planning Resources in Collaboration With Candidly
WESTLAKE, Texas--(BUSINESS WIRE)--Schwab Retirement Plan Services (SRPS) today announced expanded student loan and college planning resources available to 401(k) plan participants through an agreement with Candidly, a leading student loan and education benefits platform. The collaboration includes participant access to Candidly Core, a suite of tools and resources designed to help employees optimize their repayment strategy and save significant time and money as they work toward eliminating student loan debt. Candidly Core also offers college planning resources, including a 529 plan finder and calculators to help with decision making. Through an integrated online experience, participants have one-click access to Candidly resources directly from the SRPS participant website. Expanded Student Loan Retirement Matching Capabilities Schwab and Candidly are also offering an integrated solution for employers implementing a student loan retirement match for their 401(k) plans as allowed by the SECURE 2.0 Act. Through this collaboration, Candidly verifies that participants have properly completed the self-certification process, which allows them to confirm their qualified student loan payments, and provides that information to SRPS, which can then calculate the employer match and fulfill the contributions. 'As we continue to expand overall financial wellness offerings for clients, we're very pleased to be working with Candidly to help employees and employers navigate student loan debt and college planning,' said Lee McAdoo, Managing Director, Schwab Retirement Plan Services. 'Our clients who are evaluating student loan retirement matching can see value in Candidly's independent reporting, which gives them the visibility, confidence, and support they need to offer this powerful benefit.' SRPS plan sponsor clients can also leverage Candidly's detailed analysis and reporting capabilities to determine how many of their employees are carrying student loan debt. This can help them better understand the impact student loan retirement matching could have on their overall benefits program, as well as the increased 401(k) plan participation that may result. 'By integrating Candidly's technology with Schwab Retirement Plan Services' capabilities, we're helping employers transform student debt from a financial barrier into a bridge to retirement security,' said Laurel Taylor, Founder and CEO of Candidly. 'The SECURE 2.0 provisions create an unprecedented opportunity to tackle two critical financial challenges simultaneously – student debt and retirement readiness. Together with Schwab Retirement Plan Services, we're delivering on our promise to create pathways from debt to opportunity for plan participants.' About Charles Schwab At Charles Schwab we believe in the power of investing to help individuals create a better tomorrow. We have a history of challenging the status quo in our industry, innovating in ways that benefit investors and the advisors and employers who serve them, and championing our clients' goals with passion and integrity. More information is available at Follow us on X, Facebook, YouTube and LinkedIn. Disclosures The Charles Schwab Corporation provides services to retirement and other benefit plans and participants through its separate but affiliated companies and subsidiaries: Charles Schwab Trust Bank; Charles Schwab & Co., Inc.; and Schwab Retirement Plan Services, Inc. Trust, custody, and deposit products and services are available through Charles Schwab Trust Bank, Member of FDIC. Brokerage products and services are offered by Charles Schwab & Co., Inc. (Member SIPC, Schwab Retirement Plan Services, Inc. is not a fiduciary to retirement plans or participants and only provides recordkeeping and related services. 'We,' 'us,' and 'our' refer to Schwab Retirement Plan Services, Inc. Candidly is not affiliated with Schwab Retirement Plan Services, Inc. or its affiliates. 0425-L3UD
Yahoo
26-04-2025
- Business
- Yahoo
Maryland pensions make strides on climate, but there's more work to do
The Maryland State Pension and Retirement System has a Climate Advisory Panel to advise on its investments, but it needs to add climate-aware proxy voting standards on its corporate shares as well, writes Shruti Bhatnagar. (Photo by Skórzewiak/ Maryland's public pension, the Maryland State Retirement and Pension System (SRPS), is making strides to address the climate crisis, but it has more work to do. The SRPS stewards the retirement savings of public sector workers in Maryland, and key to its role in providing a reliable retirement benefit is the system's ability to anticipate and manage climate change's sweeping economic impacts. In late 2024, the SRPS created a Climate Advisory Panel to bring in climate experts, which shows great promise for a comprehensive climate strategy. But SRPS must not wait to adopt well-established practices. In particular, SRPS's proxy voting guidelines, the policy that establishes how it will vote on key issues at shareholder meetings, need to align with the urgency of the climate crisis and the financial risks of climate change. Proxy voting guidelines allow pensions like SRPS to leverage its influence as investors by voting at the annual meetings of major corporations on key issues like climate disclosures, biodiversity protections and Indigenous rights. Right now, SRPS's guidelines are missing language on climate risk, and the pension system is failing to support critical climate votes. Maryland Matters welcomes guest commentary submissions at editor@ We suggest a 750-word limit and reserve the right to edit or reject submissions. We do not accept columns that are endorsements of candidates, and no longer accept submissions from elected officials or political candidates. Opinion pieces must be signed by at least one individual using their real name. We do not accept columns signed by an organization. Commentary writers must include a short bio and a photo for their bylines. Views of writers are their own. Strong proxy guidelines are a powerful tool to protect retirement savings while advocating for responsible corporate behavior. Maryland's economy — and the retirement security of its thousands of public sector workers — depends on a stable climate, and SRPS has a responsibility to fully employ the tools at its disposal to address climate change. Despite its growing awareness of climate risk, Maryland's pension system still lags in holding corporations accountable. In a recent evaluation by the Sierra Club, Maryland earned a 'D' for its proxy voting guidelines and 2024 voting record. The evaluation highlighted SRPS's failure to support key shareholder resolutions on biodiversity and climate accountability. Additionally, SRPS missed critical opportunities to hold corporate directors responsible for misaligned business practices that exacerbate the climate crisis. Proxy voting guidelines serve as a blueprint for defining responsible corporate behavior. Strengthening these policies would allow SRPS to better align its investments with Maryland's climate goals and safeguard the retirement savings of public employees. As some of the largest shareholders in the country, public pensions like SRPS have the power — and the obligation — to push corporations to adopt sustainable business practices. The financial risks of climate change are no longer theoretical. Extreme weather events, supply chain disruptions, and shifting energy markets create instability that threatens corporate profits and investors. When pensions ignore these investment risks, it jeopardizes the long-term returns that retirees depend on. SRPS has already acknowledged these dangers and taken initial steps to assess climate-related financial risks. However, its weak proxy voting guidelines remain a critical gap in its overall strategy. Stronger guidelines would ensure that SRPS doesn't just acknowledge climate risk — it is actively working to mitigate it. As the impacts of climate change accelerate, SRPS must take a leadership role in pushing for meaningful change. Maryland's climate goals are ambitious, but those efforts are undermined if our public pension fails to align its investment policies with our state climate targets. Strengthening its proxy voting guidelines would allow SRPS to hold corporations accountable for their climate-wrecking behavior and incentivize a shift toward sustainable business practices. These actions would not only align our public pension's investments with our state's climate goals — it would also protect the financial future of our public sector workers and retirees. Maryland has an opportunity to lead by example. Strengthening SRPS's proxy voting guidelines is a necessary and practical step toward protecting the retirement savings of thousands of public sector workers and fostering a thriving economy. By demanding that corporations act responsibly, Maryland can reduce climate risk, protect our public pension, and secure a sustainable future for all. As the 2025 shareholder season approaches, all eyes are on SRPS. Public sector workers, environmental advocates, and communities will be watching to see whether the pension will rise to the challenge, or continue to lag behind.
