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Actuarial Experience Study and Table Maintenance

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State & Local

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The Pennsylvania Municipal Retirement System is seeking a subcontractor for an Actuarial Experience Study and Table Maintenance project. The selected provider will analyze historical plan data for prime contractors to conduct five-year actuarial experience studies and monitor changes to actuarial tables. By utilizing demographic modeling tools and statistical analysis software, the contractor will refine valuation assumptions and ensure the system is configured correctly in accordance with professional actuarial standards of practice. The primary deliverables for this engagement include a comprehensive five-year experience study report and formal table notifications. Interested parties should note that the solicitation was posted on October 2, 2026, with a response deadline of December 2, 2026. The project falls under NAICS code 541611, focusing on administrative and management consulting services to maintain the integrity of the retirement system's valuations.

General Info

Subcontractor needed for Pennsylvania Municipal Retirement System actuarial experience study and table maintenance.

Documents

This scope was carved out of 6100066610.

The full solicitation package (1 document), including the RFP, is on the prime solicitation, not on this scope.

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Actuarial Consulting Services

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Organization & Contact Information

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AgencyPennsylvania Municipal Retirement System
ContactsNo contacts available
OfficeN/A
Office AddressN/A
ContactsNo contact information available

Full Description

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Analyzes historical plan data for prime contractors on Pennsylvania Municipal Retirement System (PMRS) projects. Conducts five-year actuarial experience studies and monitors actuarial table changes to ensure correct system configuration. Utilizes statistical analysis software and demographic modeling tools to refine valuation assumptions. Adheres to professional actuarial standards of practice. Delivers a five-year experience study report and table notifications.

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NAICS: 524292
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SLED
Actuarial Consulting Services
Solicitation # 6100066610
The Pennsylvania Municipal Retirement System is soliciting proposals for professional actuarial consulting services to determine minimum municipal obligations and provide accounting valuation services. The scope of work includes general consulting for the Board and staff, the annual preparation of a composite actuarial valuation report and approximately 1,060 GASB 68 reports, and biennial actuarial valuations for each defined benefit plan. Additionally, the contractor must provide system-wide pension projections, disability term cost rates, and a five-year experience study covering January 1, 2024, through December 31, 2028, to be delivered by June 30, 2030. All services must comply with the Pennsylvania Municipal Retirement Law, Act 205 of 1984, and GASB 67 and 68 standards. The performance period for annual valuations spans from January 1, 2027, through January 1, 2031, with an initial three-month setup period for electronic data manipulation. Proposals must be submitted electronically via the JAGGAER portal by December 2, 2026, and must strictly separate technical and cost submittals. Technical evaluations will focus on company qualifications, prior experience with public pension funds, personnel expertise, and financial stability, evidenced by audited financial statements from the past three fiscal years. Required documentation includes a PMRB-30 Disclosures form, a detailed work plan, and a comprehensive emergency response continuity of operations plan. Subcontracting requires express written approval from the Commonwealth unless the subcontractors were included in the initial proposal.
Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds

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about 22 hours ago

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in 2 months
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