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Indian firm to help US teachers retire

Summary

IT services firm Tata Infotech has won a highly-contested deal to develop an electronic retirement system for educators in a U.S. state.

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IT services firm Tata Infotech has won a highly-contested deal to develop an electronic retirement system for educators in a U.S. state.

The project for the Massachusetts Teachers Retirement Board (MTRB) is estimated to be worth over US$3 million, Tata Infotech said in statement.

MTRB currently provides retirement, disability and survivor benefits to over 125,000 active and retired public school teachers, administrators and their families in the state of Massachusetts.

Tata Infotech will provide an integrated, Web-based e-retirement solution incorporating business functions such as enrolment, beneficiary nomination, retirement and benefit calculation.

The project, to be completed within 18 months, will be implemented by both on-site consultants and an offshore team located at the company’s development center in Uttar Pradesh, India.

Tata Infotech is a part of the Tata Group, one of the largest business conglomerates in Asia.

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