The Reserve Bank of Australia (RBA) has appointed Pillar Administration to provide services to the Officers' Superannuation Fund (OSF).
The administration contract runs from September 2012 until August 2016, and is worth $3.1 million over the contract period.
These services were previously provided in-house by the RBA.
"We are absolutely delighted with this business appointment. We look forward to a long and rewarding relationship with OSF," Pillar chief executive Peter Beck said.
Appointed after a tender process, the company will work closely with the RBA and the other employer agencies over the next six months to ensure a smooth transition for members, it said.
The OSF is the superannuation plan for staff of the RBA, Note Printing Australia and some staff of the Australian Prudential Regulation Authority.
