Tata Consultancy Services (TCS) announced a 15-year technology contract with Ireland’s Department of Social Protection (DSP) to implement digital solutions for the automatic enrolment of nearly 800,000 workers into a retirement savings program.
The new scheme, named “My Future Fund,” aims to create a retirement savings platform for workers, improving access and transparency for Ireland’s workforce. Financial details of the tech deal were not disclosed.
TCS will utilize its BaNCS platform for seamless enrolment, record management, and benefit disbursement. Services will be provided through TCS’s Global Delivery Centre in Letterkenny, Ireland.
Ireland’s Social Protection Minister, Heather Humphreys, emphasized TCS’s experience in similar national programs, expressing confidence in a timely and high-quality rollout.
With nearly 50 years in the region, TCS has established partnerships with major UK and Irish firms like British Airways, Primark, and Aviva. The My Future Fund project will be another significant milestone for TCS in the region.
The platform will support employers, staff, and pensioners, improving pension record management, timely payments, efficient scheme finance management, and easy access to digital information.
