What the buyer wrote
The West Midlands Pension Fund is looking to procure an insurance policy to cover the strain cost passed onto participating employers as a result of member ill health early retirement. In the event of an ill-health early retirement in the LGPS, additional liabilities arise in the Fund due to: a) early payment of accrued pension; and b) enhancement of the pension in accordance with LGPS Regulations. There are three tiers of ill health outlined in the Regulations, however only two of these involve enhancement (as below) and it is for these tiers that the Fund is wishing to obtain insurance. Tier 1 - The active member of the scheme is expected to never return to work. The member will receive th…
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Awarded to
Details
- What the buyer calls it
- WMPF Ill Health Insurance
- How they are buying
- Advertised, shortlist firstSuppliers applied to be considered, and the buyer picked who went on to bid.
- Type
- services
- Work starts
- 31 May 2017
- Work ends
- 31 May 2021
- Kind of work
- Accountancy, audit and financial advice
Who the buyer named
Barry Greenwood was the named contact on this notice.