Administration of the Civil Service Pension Scheme (CSPS) and Royal Mail Statutory Pension Scheme (RMSPS) administration services

Description

This Award Notice relates solely to Lot 1: Procurement for the provision of pension administration for the Civil Service Pension Scheme The CSPS Pension Scheme is managed by the Authority. The current contract expires on 31/12/2023. The CSPS is the 3rd largest UK occupational pension scheme with approximately 1.6 million members and 300+ employers. Lot 1: The provision of pension administration for the Civil Service Pension Scheme The Authority required the provision of administration services for the CSPS, which included 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. The CSPS is the 3rd largest UK occupational pension scheme with approximately 1.6 million members and 300+ employers. The pension administration services required include the following: Finance, accounting and taxation services administration services employer-related services including: the collection of data and contributions and maintaining accurate and clean data communications, including digital the provision of a portal maintenance of a comprehensive database of members records which complies with relevant legislation and regulatory requirements Provision of calculations and information for annual resource accounts remuneration reports member-related services, including: the provision of a member portal and self service capability the accurate and timely calculation of pension awards provision of options and benefits calculations resulting from McCloud judgment member communications (including digital communications, managing and operating a helpline and website, issuing annual benefits and pension saving statements, life time allowance statements, annual pension increase communications, scheme newsletters and leaflets) liaison with any scheme medical advisor that may be appointed by the Authority. pension payroll services (bulk and individual payroll services) and pensioner existence checking services related to the Civil Service Compensation Scheme and the Civil Service Injury Benefit Scheme reporting, including management information and provision of data, information and scheme returns to regulators and other bodies as needed Additional information: The total value provided is based on a transitional term of 2 years, then an initial operational term of 7 years and a possible extension option of up to 3 years.