A supplier is needed to administer and pay pensions for around 900 overseas pensioners under the Cordoba Agreement, requiring knowledge of Gibraltar Pension Ordinances and collaboration with the Government of Gibraltar.
Cordoba Agreement Pension Scheme. The FCDO requires a supplier to provide administration and payment of pensions on behalf of the Overseas Pensions Department (OPD) to approximately 900 overseas pensioners currently entitled to life pensions, for the contract term. This is a bespoke pension scheme; and a working knowledge of the Gibraltar Pension Ordinances is essential. The administration of this pension scheme will require the supplier to engage with the Government of Gibraltar and maintain a strong working relationship to facilitate the sharing of critical information.
The FCDO require the facility of a banking service to provide services in relation to the administration of this Cordoba scheme, and the disbursement of pension payments to pensioners covered by the ongoing Scheme Agreement. Additional information: Reduced timescales for the tender window (due to PIN that was published 09 August 2024)