Financial systems software package

Description

In order to administer the Local Government Pension Scheme (LGPS) in Scotland, The City of Edinburgh Council requires an integrated pension administration and payroll system to provide benefit entitlement calculations and payments in compliance with relevant LGPS Regulations in Scotland. This is an ongoing legislative requirement of the City of Edinburgh Council as an administering authority of the LGPS. The Council has yet to finalise the required contract term but it is likely to be for a period of 6 years with options to extend for 2 further periods of up to 2 years each. The current contract expires in October 2018. The City of Edinburgh Council's Investment and Pension Service requires an integrated pension administration and payroll software system which will provide benefit entitlement calculations in compliance with relevant Scottish LGPS Regulations to administer the Local Government Pension Scheme (LGPS) in Scotland. As an administering authority of the LGPS, this is an ongoing legislative requirement. In addition to this core requirement, the system must provide an on-line self service facility for pension scheme members (including current employees, members with deferred benefits and those already in receipt of pension benefits). The system must also provide an on-line portal for use by the various employer organisations participating in the pension scheme. Further information about the required service, including detailed technical requirements, will be provided in a Specification document which the Council intends to publish as part of the Invitation to Tender in due course.