Actuarial Services

The City of Orlando’s Procurement and Contracts Division is seeking proposals from qualified actuarial firms to provide valuation services for the City’s General Employees’ Pension Plan, excluding the Police Officers and Firefighters’ Pension Plans. The primary focus of these services is to assess the costs associated with accrued employee benefits and to explore various funding strategies for post-retirement health care benefits. While the City prefers to engage a single actuarial firm to serve both the Pension Plan and the City, it reserves the right to award separate contracts if necessary, requiring proposers to submit distinct quotes for each engagement. The contract scope includes detailed valuation work to support the City’s financial planning and reporting, with additional reference materials available through the City’s Annual Comprehensive Financial Report and specific exhibits related to pension and OPEB valuations. The solicitation, identified as RFP25-0426, was posted on July 16, 2025, with a response deadline of August 22, 2025. The contract size is estimated to range from $50,000 to $200,000, and the project falls under the NAICS code 524298. Interested firms can find further details and submit proposals through the City’s procurement portal. The primary contact for this solicitation is Tara Urdininea, reachable via email at [email hidden] or by phone at [phone hidden].