This Solicitation opportunity from New York was posted on September 22, 2026. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
Actuarial Services 2027-2032
Contract Overview
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The Central New York Regional Transportation Authority (CNYRTA) is soliciting proposals for professional actuarial services for a five-year contract term running from April 1, 2027, through March 31, 2032. The selected professional organization will be responsible for providing actuarial valuation reports for multiple plans, including the Salaried Employees Retirement Plan, the Non-Salaried Employees Retirement Plan, and the Utica Transit Service Corporation Pension Plan. A primary deliverable for these reports is the calculation of the Actuarially Determined Employer Contribution (ADEC). All valuations must adhere to generally accepted actuarial principles and practices, and the performing actuaries must be members of the American Academy of Actuaries meeting its Qualification Standards. Proposals are due by October 14, 2026, at 1:00 PM EST via the Bonfire Portal. Award selection is based on best value, with evaluation factors prioritizing resource availability, personnel qualifications, overall strategy, and diversity practices. The contract is governed by New York State law and includes mandatory compliance with New York State Standard Contract Clauses, Equal Employment Opportunity requirements, and Minority and Women-Owned Business Enterprise (MWBE) utilization goals. Payments will be processed electronically in accordance with New York State Finance Law and the New York State Comptroller's procedures, with the Authority initiating payment within 30 days of receiving a proper invoice.
General Info
Agency
Place of Performance
NY, USASet-Aside
Timeline
Submission Closed
Organization & Contact Information
Full Description
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