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INTERNATIONAL LABOUR ORGANIZATION (ILO) has floated a tender for Modelling Actuary: Actuarial Valuation, Policy Analysis and Capacity Building Partnership with Perkeso, Malaysia. The project location is Malaysia and the tender is closing on 20 Jun 2025. The tender notice number is ILO/PERKESO, Malaysia, while the TOT Ref Number is 120005606. Bidders can have further information about the Tender and can request the complete Tender document by Registering on the site.
Procurement Summary
Country : Malaysia
Summary : Modelling Actuary: Actuarial Valuation, Policy Analysis and Capacity Building Partnership with Perkeso, Malaysia
Deadline : 20 Jun 2025
Other Information
Notice Type : Tender
TOT Ref.No.: 120005606
Document Ref. No. : ILO/PERKESO, Malaysia
Financier : International Labour Organization
Purchaser Ownership : Public
Tender Value : Refer Document
Purchaser's Detail
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Login to see detailsTender Details
1. BackgroundThe Employees' Social Security Act 1969 (Act 4) stipulates an actuarial review should be carried out at intervals of at least every five years or at such other times as the Minister of Human Resources may consider necessary. The ILO carried out the eleventh actuarial valuation as of 31December 2019 and the next (twelfth) actuarial valuation will take place as of 31 December 2024.The project is focused around three key outcomes. Firstly, the undertaking and delivery of the actuarial valuations for four schemes. Full actuarial valuation reports including key results and recommendations, and reference to compliance with ILO Convention 102 will be completed. Secondly, a range of policy and technical support to PERKESO on extension of coverage (of existing schemes and proposed new schemes), policy and financing reform and management issues will be provided. Finally, there will be astrong focus on capacity building including the delivery of the actuarial models for the different benefit schemes to allow PERKESO to carry out actuarial analysis on their own plus tailored training on actuarial, financing, risk management and extension of coverage issues.These Terms of Referencerefer to the work related to the preparation of the valuation of the Employment Insurance (UI) Scheme (Act 800) as of 31 December 2025. This will the second actuarial valuation of this scheme; the first valuation was carried out by another organisation.To carry out this work, the ModellingAct...
Publish Date: 28-May-2025
UN Orgnization: INTERNATIONAL LABOUR ORGANIZATION (ILO)
Type of Notice: Request for proposal
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