Administration of Civil Service Pension Scheme and Royal Mail Statutory Pension Scheme
Awarded 17 Nov 2023
About
Crown Commercial Service awarded a contract to Capita Pension Solutions Limited for the administration of the Civil Service Pension Scheme (CSPS) and Royal Mail Statutory Pension Scheme (RMSPS).
The CSPS includes the Principal Civil Service Pension Scheme, the Civil Service and Others Pension Scheme, the Civil Service Compensation Scheme, and the Civil Service Injury Benefits Schemes, serving approximately 1.6 million members and over 300 employers.
The services encompass finance, accounting, and taxation; employer-related services such as data and contribution collection, communications, portal provision, and database maintenance; member-related services including self-service portals, pension award calculations, McCloud judgment options, communications, and helpline operations; pension payroll services; and reporting to regulators.
The contract value is AUD 262,000,000.
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