TCS Inks Pact To Transform Ireland’s Pension System

Mumbai: Tata Consultancy Services (TCS) on Tuesday announced a 15-year deal with Ireland’s Department of Social Protection (DSP) to provide digital solutions for the automatic enrolment of nearly 800,000 workers in that country.

Building on its experience of delivering similar national programmes, TCS will partner with the DSP to launch Ireland’s 'Auto Enrolment Pensions Scheme’, providing workers with a retirement savings platform. “TCS has a wealth of relevant experience, having provided similar services in other countries. My officials and I will be working hard alongside TCS, the Revenue Commissioners and payroll software developers to make sure that My Future Fund is delivered on time and to the highest standard,” said Heather Humphreys, Minister for Social Protection.

Leveraging its TCS BaNCS platform and ecosystem, the IT services major 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.