UK - The Cabinet Office Civil Servants Pension Scheme (COCSPS) has reappointed Hewitt as its actuarial consultant.
Speaking to Global Pensions, Colin Hennem, policy team leader, COCSPS, said: "It was a genuinely competitive tender and Hewitt was the by far strongest bidder."
The COCSPS, which covers civil servants and Schedule 1 superannuation scheme members, such as museum workers, is an unfunded superannuation scheme. As such, the £120bn liabilities of the scheme are paid directly through the treasury.
At the end of the 2006-07 financial year, its membership stood at almost 600,000 active members with 437,000 beneficiaries in payment.
For client confidentiality purposes, Hewitt was unable to comment.
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