New York: India's Tata Infotech has emerged victorious in a highly competitive public bidding to develop and implement a web-based 'e-Retirement' system for teachers in an American state.

The project for Massachusetts Teachers Retirement Board (MTRB) is valued at over $ 3 million.

MTRB provides retirement, disability and survivor benefits to over 1,25,000 active and retired educators in the state of Massachusetts. In addition, it collects member contributions from over 400 school districts.

Tata Infotech successfully proposed a web-based software solution, which provides quality service with business functions such as enrollment, beneficiary nomination, death, retirement, benefit calculation etc built as business components to provide an integrated e-Retirement system.

The e-Retirement system will be developed within 18 months. A core team of consultants will work on-site in sync with a larger offshore team located at the Tata Infotech NEPZ centre in Noida, Uttar Pradesh.

"To date we are very impressed with Tata Infotech'sdedication and commitment to the project. In addition, we are pleased with how quickly the Tata team has forged a partnership with our staff on the development of the new system," executive director at MTRB Thomas R Lussier said.

"I expect the positive relationship to continue, and in the next 18 months I expect that the MTRB and Tata Infotech will have created a truly great product," he said.

Tata Infotech Ltd offers IT services in over 50 countries across the world.

PTI