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SRP Comunication to Retirees

por Angela Rivera Saettone

Dear Participant in the IDBG Retirement Plans:

Following the IDB Group’s decision that Headquarter Offices, Ashburn, and Country Offices,
will be working remotely starting Monday, March 16, 2020, and until further notice, we want
to remind you of all the resources that the Executive Secretariat of the Retirement Plans has
available to serve our participants.

For active participants, please send any request to VPF/[email protected], contact a Pension
Officer, or call (202) 623-3560; this line will remain available during business hours (Monday
through Friday 9 am to 5:30 pm EST). Also, you can find valuable information in our VPF/SRP
Intranet site.

For retired participants, please send any request to VPF/[email protected], or call (202) 623-
3560, this line will remain available during business hours (Monday through Friday 9 am to
5:30 pm EST). Also, you can find valuable information in our Extranet and by accessing these
links:

For questions regarding the access or usage of the Retiree Self-Service, please send an email
to [email protected] or call our support line at (202) 312-4420 leaving a message
including a phone number or email so we may contact you.

Please note that the request to submit the Certificate of Eligibility for Pension form has been
postponed. We will inform you of the new date to present this Certificate in due time.

We would like to take this opportunity to provide you some details on the Plans’ assets in light
of the volatility of the financial markets in recent weeks.

  • In 2019, the Plans achieved superior returns, averaging over 20% nominal and 17% real
    (after inflation and fees).
  • The Plans are very well-funded from an actuarial perspective, with required contributions
    well below the rates that the Bank has contributed over the past five years. As a result,
    the three largest plans have robust Stabilization Reserve fund investments, which are
    allocated to low-risk fixed income asset classes.
  • While the recent financial markets news has been dominated by equities declines, our
    retirement plans are invested in diversified asset classes, with total plan returns supported
    by many of the lower-risk, fixed income components. The asset diversification supports
    the Plans’ long-term ability to meet or exceed expected real returns.

Our teams are fully prepared to continue providing a quality service.

Sincerely,

Executive Secretariat of the IDBG Retirement Plans

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