Our main goal is to provide relevant information about your retirement plan.
The provisions of the pension plans are overseen by the Pension Committee, which is chaired by the President of the IDB GRoup and includes executive directors, senior management and elected representatives of active staff and retired participants.
The Staff Retirement Plan (SRP) is a qualified pension plan under the U.S. Internal Revenue Service’s code Section 401(a).
The Local Retirement Plan (LRP) of the IDB is a defined benefit pension plan, which establishes a defined formula to determine each participant’s benefit based on service, compensation, and a benefit accrual factor.
Reforms to the Bank's Retirement Plans: Resolution DE-180/14
The Reforms are classified as (i) changes to Plans’ Governance, and (ii) parametric and technical changes to Pension Plans, with the later primarily impacting new staff hired on or after January 1, 2015.