Business Update29 Oct 2024, 04:31 pm
TCS Secures 15-Yr Contract with Ireland's DSP to Implement Auto Enrolment Retirement Savings Scheme
AI Summary
Tata Consultancy Services (TCS) has secured a 15-year contract with Ireland’s Department of Social Protection (DSP) to implement and support the country’s new Auto Enrolment Retirement Savings Scheme, known as the ‘My Future Fund.’ This initiative will provide a comprehensive, end-to-end digital solution for automatic enrolment of nearly 800,000 workers in Ireland. Leveraging its TCS BaNCS™ platform and ecosystem, TCS will oversee the administration of the scheme, enabling seamless enrolment, record management, and benefit disbursement. Services will be delivered through TCS’ Global Delivery Centre in Letterkenny, Co. Donegal, Ireland.
Key Highlights
- TCS has secured a 15-year contract with Ireland’s Department of Social Protection (DSP) to implement the country’s new Auto Enrolment Retirement Savings Scheme, ‘My Future Fund.’
- The scheme will provide a comprehensive, end-to-end digital solution for automatic enrolment of nearly 800,000 workers in Ireland.
- TCS will leverage its TCS BaNCS™ platform and ecosystem to oversee the administration of the scheme.
- Services will be delivered through TCS’ Global Delivery Centre in Letterkenny, Co. Donegal, Ireland.
- The project follows the passing of the Automatic Enrolment Retirement Savings System Bill in Ireland earlier this year and the conclusion of a rigorous tender process by the Department of Social Protection.