Pension Administration Services Tender in Canada - 134921679

Procurement Summary

Country: Canada

Summary: Pension Administration Services

Deadline: 02 Mar 2026

Posting Date: 03 Feb 2026

Other Information

Notice Type: Tender

TOT Ref.No.: 134921679

Document Ref. No.: NRFP 6121

Financier: Self Financed

Purchaser Ownership: Public

Tender Value: Refer Document

Purchaser's Detail

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Tender Details

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 admin...
Negotiated Request for Proposal (BPS)
Employer administered pension funds Human resources services Pension funds

Documents

 Tender Notice