2012 pension consulting deal for $15.9M now valued at $527M

A federal contract first signed in 2012 for $15.9 million to help modernize public service pension administration is now valued at $526.9 million, federal procurement records show, after a single $148-million increase this year.

Public Services and Procurement Canada (PSPC) awarded the agreement through a competition in March 2012 to the firm now known as DXC Technology Canada. Its latest filing describes it as “Management Consulting for Pension Modernization.”

By the first quarterly filing in the public register, in late 2019, the contract’s value had already reached $275.5 million. It rose to $378.7 million by mid-2025, then by $148.2 million in the April-to-June 2026 quarter. The end date has been pushed back several times and now sits at March 31, 2027, 15 years after the award.

The register notes that, for contracts that use task authorizations, the amount actually spent depends on work ordered and “may be less” than the amount disclosed. The value is a ceiling, not a record of payments, and the public file has no amendment history for 2012 to 2019.

PSPC and DXC did not respond to questions sent Oct. 27 by the Nov. 2 deadline.

How we did this. Canada News Media read every filing for agreement 200000663 in the Government of Canada’s proactive disclosure of contracts over $10,000, downloaded Oct. 23, 2026.

Source: Proactive disclosure of contracts over $10,000.

With reporting by a Canada News Media contributor.

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