Provision of actuarial services for the United Nations and other organizations in the UN system.

In 2005, the United Nations System Chief Executive Board for Coordination recommended that all United Nations systems organizations adopt the International Public Sector Accounting Standards (IPSAS) and in 2006, the General Assembly approved the adoption of IPSAS for the United Nations. The standards were adopted across the UN system organizations in a staggered manner. The United Nations adopted IPSAS beginning July 2013 for its peacekeeping accounts and January 2014 for its regular budget and extrabudgetary accounts. This request is intended to result in the establishment of a multi-year contract for actuarial services as follows: A. For the UN and between 15 to 20 other UN system organizations Valuation of liabilities related to several post-employment benefits in accordance with IPSAS 25 for inclusion in the annual financial statements of the UN and the participating organizations. These benefits include: (a) post-employment benefits for active staff members such as accrued annual leave and repatriation grant; (b) after-service health insurance for active and retired staff members; (c) pension payment for judges of a number of organizations; and (d) death benefits in cases of a staff member's death for any reason while in active service. The valuation will need to take into account US and non-US data with regards to discounts rates, main currencies of entitlements (US dollar, Swiss franc, Euro), medical data, general and medical inflation, etc. While the UN system organizations will require annual valuations, the UN will need valuations twice a year - one for its peacekeeping accounts that are on a July to June fiscal year, and its regular budget and extrabudgatary accounts that are on a calendar year. The valuation process will be led by the UN on behalf of all the participating organizations and will adopt a consistent approach in setting the economic and demographic assumptions. B. For the UN only 1) Biennial actuarial valuation of liabilities for recurring payments under the UN's worker compensation scheme which is governed by the Organization's rules only; 2) On demand ad hoc actuarial studies/reports which may include: (a) actuarial valuation for funding purposes of the after-service health insurance liabilities (b) actuarial valuation of the liability for an individual retiree from other UN organizations who requests to join the UN's after-service health insurance plans but have not participated in these UN plans while on active service (c) actuarial valuation of liability to the UN's worker compensation scheme of an individual involved in an incident resulting in death, accident or illness attributable to service (d) any other actuarial reports in response to requests from the General Assembly or Management on the liabilities whose scope and timeline are to be defined accordingly at a future period. The expected deliverables of services include but are not limited to: 1) Detailed annual reports providing the liabilities for each participating entity and/or any identified sub-set within the entity, and the rationale for all the assumptions made. The report should enable the organizations to meet all presentation and disclosure requirements of IPSAS 25 and should be provided in English not later than the 15th of February following the end of the financial year or 31st of July following the end of the fiscal period for the UN's peacekeeping accounts. 2) Oral and written responses to questions raised by external auditors or other stakeholders on the methodology and assumptions used in the evaluation. 3) Detailed report providing the liabilities for the UN of its worker compensation scheme and the rationale for all assumptions made. The report should enable the UN to meets its presentation and disclosure requirements of IPSAS 25 and should be provided in English not later than 15th of February following the end of the biennium concerned. 4) Reports for on demand ad hoc actuarial valuation requests.