Group life insurance - U.S. Embassy Brussels, Belgium Tender, USA - 117096604

Procurement Summary

Country : USA

Summary : Group life insurance - U.S. Embassy Brussels, Belgium

Deadline : 11 Apr 2025

Other Information

Notice Type : Tender

TOT Ref.No.: 117096604

Document Ref. No. : PR12548983

Competition : ICB

Financier : Self Financed

Purchaser Ownership : Public

Tender Value : Refer Document

Purchaser's Detail

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Tender Details

Description

The Regional Procurement Support Office in Frankfurt intends to procure, on a noncompetitive basis, from Athora Belgium nv, Brussels, Belgium, Group life insurance services on behalf of U.S. Mission Belgium.



This is a notice of intent to award a sole source contract. The purpose of this procurement is to obtain group life insurance coverage for U.S. Mission Belgium employees, for a base period of 12 months with four additional option year periods.



Athora is Mission Belgium-s provider for Posts- Supplemental Retirement Plan. Post Brussels began with a Supplemental Retirement Plan in the 1980-s after Locally Employed Staff were no longer eligible to be hired under the American Civil Service Retirement (CSR) plan. The SRP is part of the salary of the employee and according to Belgian law, cannot be changed unilaterally, therefore all benefits derived from the initial retirement plan must continue regardless of future changes to the retirement plan mechanism. Following the ending of employees being hired under the CSR, the Mission created a new SRP with defined benefit.



In Belgium it is standard for the group life insurance to be included in the SRP. Currently the group life insurance for Mission Belgium employees is not included in the supplemental retirement plan but rather have a separate plan for life insurance that would allow both types of employees (those employees grandfathered in on the CSR and those hired after the ending of CSR) to be covered. This created the current ‘non standard- situation, i.e. a group life insurance and a supplemental retirement plan that are separate and not combined such as the common practice in the Belgium.



Currently, Post Brussels has the financial advantage that the group life insurance is with the same provider as would normally be the case given the two items are benefits under a SRP. If the group life insurance will no longer be offered via Athora, Athora will review the rates ...
Active Contract Opportunity
Notice ID : PR12548983
Related Notice
Department/Ind. Agency : STATE, DEPARTMENT OF
Sub-tier : STATE, DEPARTMENT OF
Office: ACQUISITIONS - RPSO FRANKFURT
General Information
Contract Opportunity Type: Special Notice (Original)
Original Published Date: Apr 01, 2025 10:24 am CEST
Original Response Date: Apr 11, 2025 06:00 pm CEST
Inactive Policy: Manual
Original Inactive Date: Apr 12, 2025
Initiative: None

Classification
Original Set Aside:
Product Service Code: G006 - SOCIAL- GOVERNMENT LIFE INSURANCE PROGRAMS
NAICS Code: 524113 - Direct Life Insurance Carriers

Place of Performance: BEL

Documents

 Tender Notice