The provision of an Actuarial Review of the Social Insurance Fund as at 31 December 2020

Department of Social Protection

The successful Tenderer will carry out an Actuarial Review of the financial condition of the Social Insurance Fund (SIF) as at 31 December 2020. This Review will provide an actuarially-based assessment of the future "health" and sustainability of the SIF. In particular, it will examine the impacts of the various potential changes to pension payment rates based on contribution averages, limitation of benefit duration etc. in order to better inform future expenditure. In addition, the Tenderer will be required to model options and recommendations from the report from the Commission on Pensions.
Further actuarial resources will be required at a later date with the Contracting Authority to deal with the analysis of other policy requirements as they arise.

Deadline
The time limit for receipt of tenders was 2022-02-07. The procurement was published on 2022-01-07.

Suppliers
The following suppliers are mentioned in award decisions or other procurement documents:
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Procurement history
Date Document
2022-01-07 Contract notice
2022-05-31 Contract award notice
Contract notice (2022-01-07)
Object
Scope of the procurement
Title: Actuarial services
Short description:
“The successful Tenderer will carry out an Actuarial Review of the financial condition of the Social Insurance Fund (SIF) as at 31 December 2020. This...”    Show more
Notice metadata
Original language: English 🗣️
Document type: Contract notice
Nature of contract: Services
Regulation: European Union
Common procurement vocabulary (CPV)
Code: Actuarial services 📦
Additional CPV: Financial and insurance services 📦
Place of performance
NUTS region: Éire/Ireland 🏙️

Procedure
Procedure type: Open procedure
Type of bid: Submission for all lots
Award criteria
The most economic tender

Contracting authority
Identity
Country: Ireland 🇮🇪
Awarding authority type: Ministry or any other national or federal authority
Awarding authority name: Department of Social Protection
Postal address: College Road
Postal code: Ie
Postal town: Sligo
Contact
Internet address: https://www.gov.ie/en/organisation/department-of-employment-affairs-and-social-protection/ 🌏
E-mail: alan.mcgettigan@welfare.ie 📧
Phone: +353 719148367 📞
URL for documents: http://irl.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=204951&B=ETENDERS_SIMPLE 🌏
URL for participation: http://irl.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=204951&B=ETENDERS_SIMPLE 🌏

Reference
Dates
Date dispatched: 2022-01-07 📅
Submission deadline: 2022-02-07 📅
Publication date: 2022-01-12 📅
Identifiers
Notice number: 2022/S 008-015804
OJ-S issue: 8
Source: OJS 2022/S 008-015804 (2022-01-07)
Contract award notice (2022-05-31)
Object
Scope of the procurement
Reference number: 1076
Total value of the procurement: 329 440 EUR 💰
Notice metadata
Document type: Contract award notice

Procedure
Type of bid: Not applicable

Reference
Dates
Date dispatched: 2022-05-31 📅
Publication date: 2022-06-03 📅
Identifiers
Notice number: 2022/S 107-301531
Refers to notice: 2022/S 008-015804
OJ-S issue: 107
Additional information

“Estimated value is best estimate at time of tender and may be subject to change”
Source: OJS 2022/S 107-301531 (2022-05-31)
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