Actuarial Services for World Bank Group Post-Retirement Plans

CLOSING DATE AND TIME: MAY 16, 2022 @ 5.00 PM EST

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;
Contract 2: FINANCIAL REPORTING
• 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 rmajtan@worldbank.org (mailto:rmajtan@worldbank.org)

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.