07.03.2007 14:22:00
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ACS Renews Retirement Plan Outsourcing Contract with Allied Waste
DALLAS, March 7 /PRNewswire-FirstCall/ -- Affiliated Computer Services, Inc. , a premier provider of business process outsourcing and information technology solutions, announced today that it has been awarded a five-year renewal of its retirement plan outsourcing contract with Allied Waste Industries, Inc., a leading provider of waste services. Financial terms were not disclosed.
ACS has been administering retirement benefits for Allied Waste's employees since 1998. Services include record keeping, administration, benefit calculations, actuarial services, and call center support for Allied Waste's 26,000 retirement plan participants. The renewal highlights ACS' proven strength in large-scale benefits administration, part of its broad range of human resources outsourcing (HRO) solutions.
"ACS has assisted our employees through the complex issues surrounding retirement and savings plans," said Donna Marquette, Director of Employee Benefits with Allied Waste. "Their experts have crafted an integrated solution that benefits our employees."
"ACS' contract renewal and expansion rates are exceptionally high because of our commitment to creating innovative, scalable solutions that save our clients time and maximize cost efficiency," said Ann Vezina, ACS Executive Vice President and Chief Operating Officer - Commercial. "Similarly, Allied Waste is an industry leader that has built its success upon innovation and strong service. ACS will continue to exemplify these shared values as we administer Allied Waste's retirement benefits."
ACS offers a full range of integrated, end-to-end HRO services, and is renowned for its pioneering initiatives that have opened a complete spectrum of customized solutions to large-scale clients around the world. ACS provides HRO services for more than three million people around the globe, delivering services from more than 80 global locations supporting client operations in more than 60 countries and supporting 20 languages. ACS' comprehensive suite of HRO capabilities includes total benefits outsourcing -- complete employee services and benefits administration -- as well as strategy and consulting to engineer and improve HR operations and services.
Allied Waste Industries, Inc., a leading waste services company, provides collection, recycling, and disposal services to residential, commercial, and industrial customers in the United States. The company operates a network of 299 collection companies, 161 transfer stations, 169 active landfills, and 56 recycling facilities in 37 states and Puerto Rico. Learn more about Allied Waste at http://www.alliedwaste.com/.
ACS, a global FORTUNE 500 company with 58,000 people supporting client operations reaching more than 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.
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