Pension Administration

The UK Cabinet Office has canceled Capita's contract managing the Civil Service pension scheme due to severe service failures impacting payments to 1.7 million members. This decision marks a significant shift in government procurement strategy, emphasizing insourcing over outsourcing for critical public services.

The Alaska legislature has approved House Bill 78, reinstituting a defined benefit pension plan aimed at enhancing recruitment and retention of public employees, especially teachers and public safety personnel. This legislation calls for potential adjustments in procurement related to pension administration and benefits management.