Request for Expression of Interest (EOI) for Consulting Services to Undertake a Study on Funding/Minimum Contributions Rate and Income Replacement Adequacy for the Defined Benefit and Defined Contribution Schemes Jobs in Zambia PENSIONS AND INSURANCE AUTHORITY Jobs in Zambia? View and Apply Request for Expression of Interest (EOI) for Consulting Services to Undertake a Study on Funding/Minimum Contributions Rate and Income Replacement Adequacy for the Defined Benefit and Defined Contribution Schemes Jobs in at PENSIONS AND INSURANCE AUTHORITY


PENSIONS AND INSURANCE AUTHORITY

PENSIONS AND INSURANCE AUTHORITY*>

REQUEST FOR EXPRESSION OF INTEREST

Ref: PIA/CN/007/2020*>

REQUEST FOR EXPRESSION OF INTEREST (EOI) FOR CONSULTING SERVICES TO
UNDERTAKE A STUDY ON FUNDING/MINIMUM CONTRIBUTIONS RATE AND INCOME REPLACEMENT
ADEQUACY FOR THE DEFINED BENEFIT AND DEFINED CONTRIBUTION SCHEMES.

1.0 BACKGROUND

The Pensions and Insurance Authority, in its 2020 budget, has made a provision
towards the cost of engaging firms to conduct various consulting services and
intends to apply part of the proceeds for this provision to cover eligible
payments under the contract for provision of actuarial consultancy to
undertake a study on funding/minimum contributions rate and income replacement
adequacy for the defined benefit and defined contribution schemes
respectively.

The Authority is hereby calling for Expressions of Interest for provision of
said consultancy services.

2.0*> OBJECTIVE OF THE ASSIGNMENT

The objective of the study is to enhance understanding of the subject matter
and inform policy formulation on funding levels and minimum contribution rate
for the defined benefit and defined contribution schemes.

3.0*> DELIVERABLES FOR THE ASSIGNMENT

The Consultant will be expected to submit a report which will include
recommendations comprising of funding/minimum contribution rate, income
replacement adequacy, minimum contribution period, last age of entry, expenses
and minimum return contribution.

4.0*> EXPERIENCE OF THE FIRM AND STAFF

The Authority invites eligible Consultant(s) with requisite expertise to
undertake a study on funding/minimum contributions rate and income replacement
adequacy for the defined benefit and defined contribution schemes
respectively. The Consultant(s) should demonstrate high knowledge and skill in
areas that constitute or cover the areas detailed above and must provide the
following information:

Relevant experience and role of firm’s professional staff in reference to
the proposed assignment:

1. Have a qualified team of key staff with Minimum of 10 years’ experience in the financial sector. Experience in conducting research in the financial sector with at least five years in the pensions industry.
2. Lead Consultant should be a Fellow of Institute and Faculty of Actuaries, Society of Actuaries, Actuarial Society of South Africa or equivalent.

Describe experience of professional staff relevant to the proposed assignment.
All the proposed key members of staff must have experience in conducting
research in the financial sector.

Relevant experience of the firm that best fit with proposed assignment

Core area of expertise of the firm must be described.

Firm to list relevant experiences related to this assignment during the last 5
years. Summary of similar assignments executed successfully in the immediate
past 3 years focusing on brief descriptions of assignments and experience.
Consultants must provide a list of companies for which the vendor has
completed projects that are essentially equivalent to this EOI indicating the
following;

1. Project title;
2. Implementing Institution;
3. Duration; and
4. Address.

International experience is a must.

4.0 OTHER SHORTLISTING REQUIREMENTS

All interested Consultants must submit the following documents as part of
their EOI for their firm:

1. Certificate of Incorporation/Registration;
2. Company Profile
3. Valid Tax Clearance Certificate
4. Registration with relevant institutions.

5.0 PROCUREMENT METHOD

Open National Selection: A Consultant once issued with the Request for
Proposal will be selected using Quality Based Selection (QCBS) Procurement
Method.

6.0 DETAILS FOR SUBMISSION OF EXPRESSION OF INTEREST

Expressions of Interest clearly marked “EXPRESSION OF INTEREST (EOI) FOR
CONSULTING SERVICES TO UNDERTAKE A STUDY ON FUNDING/MINIMUM CONTRIBUTIONS RATE
AND INCOME REPLACEMENT ADEQUACY FOR THE DEFINED BENEFIT AND DEFINED
CONTRIBUTION SCHEMES” must be deposited in the Tender Box situated on the
Ground floor, PIA office Building, Stand No. 4618, Lubwa Road, Rhodespark,
Lusaka on or before Thursday 16 th July, 2020 at 10:30hrs. *> Late or faxed
Expressions of Interest shall be rejected. EOI will be opened thereafter in
the presence of bidders or their representatives who choose to attend.

Secretary

Management Procurement Committee

_FOR/REGISTRAR AND CEO_

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Request for Expression of Interest (EOI) for Consulting Services to Undertake a Study on Funding/Minimum Contributions Rate and Income Replacement Adequacy for the Defined Benefit and Defined Contribution Schemes Jobs in Zambia PENSIONS AND INSURANCE AUTHORITY Jobs in Zambia? View and Apply Request for Expression of Interest (EOI) for Consulting Services to Undertake a Study on Funding/Minimum Contributions Rate and Income Replacement Adequacy for the Defined Benefit and Defined Contribution Schemes Jobs in at PENSIONS AND INSURANCE AUTHORITY


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