Actuarial Services for World Bank Group Post-Retirement Plans

  • ISSUE DATE AND TIME: Apr 15,2022 08:00
  • CLOSING DATE AND TIME: May 16,2022 17:00

Actuarial Services for World Bank Group Post-Retirement Plans


The Bank provides various funded post-employment benefits to its staff through the Staff Retirement Plan (SRP), the Retired Staff Benefits Plan (RSBP) and the Post-Employment Benefits Plan (PEBP).  The actuarial support of these Plans is provided by a combination of an in-house actuary and the firm sought through this RFP (the Actuary).  Consequently, the firm is expected to work closely with the in-house actuary in a partnership that seeks to provide the optimal combination of internal and external expertise.

The RFP will cover the requirements of the governing body of the Plans (the Pension Finance Committee, PFC) as well as the needs of the World Bank Group for its financial reporting requirements and broader benefit policy work. 

Two contracts will be awarded to the same firm.
Contract1: PENSION
• IBRD (Pension and Endowments Section) representing the PFC;
• IBRD (World Bank Group Finance and Accounting) in respect of the financial reporting of employee entitlements;

The solicitation may be obtained by sending an email to the designated Category Manager, referencing the following information:
1. Solicitation Number
2. Company Name
3. Contact Person Name and Title
4. Address
5. Telephone Number
6. Fax Number
7. Contact's Email Address

A copy of the solicitation will be sent to organizations that have replied to and are eligible to receive this advertisement. All requests and questions regarding this solicitation shall be directed to the following designated Corporate Procurement Category Manager(s):

Roman Majtan at (

The World Bank Group (WBG) will disclose or exchange certain proprietary and confidential information, and they desire that the recipient keep such information confidential, and use it only in connection with the following purposes: To participate in an RFP process whereby, Offeror will be given access to the relevant WBG internal “Official Use Only” or “Confidential” documents, a signed Non-Disclosure Agreement (NDA) will be required prior to releasing the solicitation.  Parties will receive the NDA via email and will be required to return the signed NDA prior to receiving the solicitation documentation.


The WBG reserves the right to publicly disclose contract award information, including but not limited to, name of company receiving the award, brief description of services, and contract award amount, for any contract award valued over US$250,000. Offeror's proposal and contractual documents will remain confidential and therefore not subject to disclosure.

The World Bank reserves the right to reject any or all responses without recourse.