Tieto to reform the contribution system of The Local Government Pensions Institution

Tieto is to deliver a new contribution system to The Local Government Pensions Institution (Keva) by the end of 2012. The delivery entails the construction of the contribution system from the definition phase through to implementation.

Keva is responsible for providing and financing employee pensions for local government officeholders and employees. Some 500,000 persons are covered by the local government pension scheme, and pensions are paid out to nearly 326,000 people. Keva’s member organisations include all Finnish cities, other municipalities and joint municipal boards, and the majority of municipal associations and limited liability companies. The contribution system is responsible for calculating the pension contributions of Keva’s member organisations.

“At Keva we have initiated several projects to reform our basic systems. With these projects, we are gradually phasing out outdated architectural and technological solutions. The contribution system is one target of these reforms. In addition to reforming the technology, the aim is to improve the functionality of contribution calculations so that we can enhance and improve our services related to the calculation of pension contributions. Tieto has long and extensive experience in successfully delivering employee pension systems to various customers. This creates good conditions for the success of the project,” says Anssi Raitanen, Information Technology Director at Keva.

“Employee pensions are one of the most important fields in which we have knowledge and skills. Over 700 IT experts of the employee pension sector work in the different units of Tieto. Keva’s contribution system project is a significant reform project for basic systems, in which we are able to make effective use of our service centre for financial area located in India,” says Vice President Jussi Grönholm from Tieto.

Tieto is an IT service company providing IT, R&D and consulting services. With approximately 16 000 experts, we are among the leading IT service companies in Northern Europe and the global leader in selected segments. We specialize in areas where we have the deepest understanding of our customers’ businesses and needs. Our superior customer centricity and Nordic expertise set us apart from our competitors.

www.tieto.com