TCS secures 15-year contract to transform Ireland’s pensions system

Ace News

29th Oct 2024

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 8,00,000 workers in Ireland. 

Leveraging its TCS BaNCS platform and ecosystem, the company 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. This 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. 

TCS is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses. TCS offers a consulting-led, cognitive powered, integrated portfolio of IT, business & technology services, and engineering.