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Actuarial Audit Services

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State & Local

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Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

General Info

Documents

This scope was carved out of RFI-010-2700000010-3.

The full solicitation package (7 documents), including the RFP, is on the prime solicitation, not on this scope.

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RFI-010-2700000010-3 | Actuarial Audit - KY State-Administered Retirement System

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Organization & Contact Information

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AgencyKentucky → Legislative Research Comm
ContactsNo contacts available
OfficeN/A
Office AddressN/A
ContactsNo contact information available

Full Description

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Performs a Level 1 full-scope actuarial audit for prime contractors on Commonwealth of Kentucky state-administered retirement system projects. Replicates and analyzes actuarial calculations, assumptions, procedures, and methods used by plan actuaries for the FY2026 annual valuation and most recent experience study. Requires expertise in actuarial science and retirement system valuations. Delivers an audit report confirming valuation accuracy.

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Same awarding agency

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RFI-010-2700000010-3 | Actuarial Audit - KY State-Administered Retirement System
Solicitation # RFI-010-2700000010-3
The Legislative Research Commission for the Commonwealth of Kentucky is soliciting a professional actuarial consulting firm to conduct a Level 1 full-scope actuarial audit of the Teachers’ Retirement System (TRS) for the fiscal year 2026 annual valuation and the most recent experience study. This statutorily required audit involves the replication and analysis of calculations, assumptions, procedures, and methods used by plan actuaries. The selected firm must designate a primary actuary as the ultimate authority for service delivery and is required to present the results to the Public Pension Oversight Board in Frankfort, Kentucky. Key milestones include a draft report due by April 30, 2027, a final report due by May 31, 2027, and a final presentation by July 31, 2027. Qualified respondents must be professional actuarial firms meeting the American Academy of Actuaries standards effective January 1, 2022, and must maintain full liability insurance without limitations on negligence. Compliance with various Kentucky Revised Statutes is mandatory, including prohibitions on lobbying, energy company boycotts, and strict confidentiality requirements regarding member retirement and health data. Payment is processed through the Legislative Research Commission, generally within 30 business days of a supported invoice, with a cap of 50 percent of total fees payable prior to the completion of specific work products. Proposals must be submitted electronically via the Vendor Self Service portal by November 13, 2026, and must include a signed solicitation along with technical and cost solutions.

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RFI-010-2700000010-2 | Actuarial Audit - KY State-Administered Retirement System
Solicitation # RFI-010-2700000010-2
The Kentucky Legislative Research Commission, on behalf of the Public Pension Oversight Board, is seeking qualified professional actuarial consulting firms to conduct a Level 1 full-scope independent actuarial audit of the state-administered retirement systems, including KPPA, TRS, and JFRS. The scope of work requires a comprehensive replication and analysis of calculations, assumptions, procedures, and methods used by plan actuaries for the fiscal year 2026 annual valuation and recent experience studies for pensions, health insurance, and life insurance. Key deliverables include a draft report due by April 30, 2027, a final written report due by May 31, 2027, and a formal presentation of results to the Public Pension Oversight Board by July 31, 2027. Qualified firms must provide both a primary and secondary actuary and maintain full liability insurance throughout the contract term. Strict adherence to confidentiality and data security regulations, including Kentucky Revised Statutes regarding member information and protected health information, is mandatory. Respondents must disclose any potential conflicts of interest, specifically any actuarial services provided to Kentucky state-administered retirement systems within the last ten years. The procurement process involves an electronic submission deadline of November 13, 2026, with payments processed through the Legislative Research Commission upon receipt of documented invoices, limiting advance payments to 50 percent of negotiated fees.
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RFI-010-2700000010-1 | Actuarial Audit - KY State-Administered Retirement System
Solicitation # RFI-010-2700000010-1
The Kentucky Legislative Research Commission, acting on behalf of the Public Pension Oversight Board, is seeking qualified professional actuarial consulting firms to conduct a Level 1 full-scope actuarial audit of the state-administered retirement systems, including KPPA and TRS. This statutorily mandated audit, required every five years per KRS 7A.250, focuses on the fiscal year 2026 annual valuation. The scope of work involves the replication and analysis of calculations, assumptions, procedures, and methods utilized by plan actuaries. Key deliverables include a comprehensive final written report and at least one in-person presentation to the Public Pension Oversight Board in Frankfort, Kentucky. Qualified firms must provide a primary and secondary actuary to ensure continuous availability and maintain full liability insurance throughout the contract term. Strict adherence to Kentucky Revised Statutes regarding the confidentiality of member information and protected health information is required. Proposals must include a signed solicitation, technical and cost solutions, and a detailed timeline of deliverables. Payments are processed through the Legislative Research Commission, with a target of 30 business days after receipt of a supported invoice, though no more than 50 percent of total fees will be paid prior to the completion of specific work products.
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