See II.2.4

The object of the contract is to take out new group insurance with the members of the contractual medical staff of the H. U.B., financed by the employer, hereinafter referred to as members of the medical staff.

Group insurance is for the hybrid collective capitalization type (Branch 21 and Branch 23) of the defined contributions type. The latter will be composed of risk guarantees as described in the technical clauses.

•Explanation

The University Hospital of Brussels (H.U.B.), currently consisting of the Erasmus Hospital, the Jules Bordet Institute and the Queen Fabiola Children's Hospital (Huderf), is seeking to harmonize the group insurance offer for its medical staff within the new structure, effective January 1, 2023. Current internally funded staff members already have group insurance and will have the choice of whether or not to switch to the new group insurance. Future staff members will automatically be enrolled in the new group insurance.

The purpose of the public contract is the conclusion of group insurance as well as the establishment, administrative management, actuarial management and financial management thereof. It is important to remember that in this market, the H. U.B is looking for a management partner who can minimize the administrative burden for the employer, as well as an "Employee Benefits" tool.

This public contract, which includes various guarantees (pension, death, disability pension and premium waiver) is awarded in full, and is not divided into parts. The fact that existing group insurance continues to run, as staff members who do not wish to switch to the new group insurance remain active in them, means that it is possible that several insurers will collaborate with the H. U.B.. For this reason, group insurance is awarded to a single bidder and the assignment is not divided into lots.

Turnaround time

The tenderer must, after the tender has been awarded, take the necessary steps so that the new insurance can be operational as soon as possible with an effective date of 1 January 2023. This will de facto involve retroactive production.

The official renewal date of all contracts is 01/01 at 00:00.

Duration

The contract is concluded for an indefinite period.

The indefinite period makes it possible to invest pension contributions in the long term, to manage pension liabilities in the long term, to offer members the necessary (financial) stability and to ensure any new categories of staff under the same conditions.

However, every 4 years, the contracting authority will decide, if necessary, to award a new contract. In the event that it is not considered necessary to award a new contract, or if it is not possible to introduce a regime that is more advantageous (on one or more guarantees), the initial contract will be extended for a further period of 4 years. This procedure is repeated every 4 years.