The requirement, in four workstreams
The RFQ's eleven tasks group into four workstreams. Each maps to a module of this portal that already runs.
Assumptions & IAS 19 Valuation
Recommend assumptions to the CORs and the CGFS Comptroller, then measure the defined benefit obligation and funded position under IAS 19.
→ Assumption BaselineFinancial & Investment Audit
Verify contributions, credited interest, benefit payments, and fees against the plan terms; assess asset growth against market experience.
→ Conformity Audit demoSensitivity & Sustainability
Stress the valuation on the assumptions that matter, conclude on surplus or deficit, and evaluate alternatives including DB-to-DC conversion.
→ Valuation LabBelgian Law Compliance
Test the plan against Belgian defined benefit legislation, including every change introduced by the Law of 18 December 2015.
→ Regulatory ChecklistBegin-the-work status
Prepared between RFQ release (August 12) and the quotation deadline. Every figure is sourced and dated; nothing here uses, or claims to represent, actual plan data.
Assumption baseline: LIVE
Euro IAS 19 discount rates (4.28% to 4.63% by duration, as of 7/31/2026), Belgian health-index forecast (+2.9%), IA|BE 2020 mortality basis, statutory retirement ages, and the 2.50% guaranteed-return regime, each with its public source.
Open the baseline →Valuation engine: RUNNING
A projected-unit-credit engine values a 167-member synthetic demonstration plan in your browser: obligation, service cost, duration, funded position, liability cash flows, and a full sensitivity tornado. Swap in the real census at award and the machine is already built.
Run the Valuation Lab →Conformity audit: RUNNING
A demonstration ledger with generation-tracked guaranteed interest (1.75% pre-2025, 2.50% after) and automated checks that catch two seeded discrepancies, exactly the Task (c) test the Embassy is buying.
Run the checks →A team that knows this Mission
Tri-Mission fluency
HSG co-founder Maurice House served four years in Brussels as Minister Counselor at the U.S. Mission to the European Union (2010-2014), the senior career rank of the U.S. Foreign Service. Gilda Weech-House, HSG's classification and compensation specialist and a former HR director, served at the U.S. Embassy Paris in the same period. Post operations, ICASS, and the locally employed staff framework are lived experience on this team, not research topics.
Federal financial analysis bench
Managing Director Jelani House brings 20 years of federal financial services consulting, including portfolio analytics and cash-flow verification for major federal housing-finance programs. The RFQ's financial audit and investment-performance tasks sit squarely in this practice.
Certified actuarial work
Actuarial certification will be signed by the engagement's credentialed actuary, supported by HSG's analytical team. Production valuations use the official IA|BE 2020 prospective mortality tables and a documented, CGFS-approved assumption set; this portal's engine is the demonstration of that machinery.
Engagement timeline
The 60-working-day plan, with the assumption-approval gate built in, is on the Work Plan page.