European Central Bank, Frankfurt, hired Deloitte Consulting in Germany as actuary for its ECB Pension Funds, said a notice filed with procurement website Tenders Electronic Daily.
Deloitte will produce annual actuarial valuations of assets and liabilities for the retirement plans, for the financial years 2015 through 2017. It will provide funding valuations for those same financial years, and it also will provide actuarial advice on issues that result from day-to-day operations of the retirement plans and employee benefit arrangements.
The hire follows a search launched in July 2014. The asset size of the pension funds and further details were not available by press time.
Spokesmen at the ECB’s procurement office did not reply to a request for comment by press time.