NRFP 6121 - Pension Administration Services (Канада - Тендер #70465869)

AI Overview

ICBC is seeking pension administration services for its four defined benefit pension plans covering management employees, designated officers, and MoveUp members.

Basic Information

Reference Number

00004887545

Issuing Organization

Insurance Corporation of BC

Solicitation Type

NRFP - Negotiated Request for Proposal (Formal)

Solicitation Number

NRFP 6121

Title

Pension Administration Services

Source ID

SCRIBE

Details

Location

British Columbia

Purchase Type

Not Stated

Dates

Publication

2026/02/03 10:50:00 AM EST

Closing Date

2026/03/02 03:00:00 PM EST

Contact Information

Strategic Sourcing

sourcing@icbc.com

Description

ICBC sponsors four defined benefit pension plans for ICBC employees and former employees including:

a) The Insurance Corporation of British Columbia Pension Plan for Management and Confidential Employees (“Management Plan”) is a registered plan for its current and former management and confidential employees;

b) Supplemental Employee Retirement Plan (SERP) is an unfunded plan that provides benefits in addition to the Management Plan for benefits solely to compensate for Income Tax Act limitations imposed on benefits determined under the Management Plan formulas;

c) Supplemental Retirement Plan ‘A’ for Designated Officers of ICBC (Supplemental Plan ‘A’) is a closed plan that was established for the initial officers of ICBC. It is an unfunded plan that currently has 3 members in receipt of a pension; and

d) MoveUp / ICBC Pension Plan (the “MoveUP Plan”), for current and former ICBC employees who are or were members of MoveUp (COPE Local 378). This pension plan is in trust by trustees appointed by both ICBC and MoveUp; (collectively, the “Plan”)

ICBC has a centralized HR function and uses SAP SuccessFactors as its human resources information system (HRIS) for HR data including but not limited to demographics, earnings, service and contributions. ICBC is accountable for pension enrollments (i.e. enrollments only but Proponent is responsible to record and maintain spouse and beneficiary designations) and life cycle amendment transactions within SAP. Payroll and HRIS are administered internally. ICBC has outsourced its pension administration services since 2009. All employee inquiries for pension are directed to ICBC’s current service provider and all post-retirement benefit claims inquiries are directed to the benefit service provider’s call centre.

See more Disclaimer All amendments to the associated notice, including amended documents, plans and specifications (where applicable), are issued on bcbid.gov.bc.ca. MERX asks that you refer to bcbid.gov.bc.ca notice for these amendments. MERX stipulates that potential bidders may also be required to register with the buying authority as a bidder/plan taker. The contact information can be found within the notice abstract.

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