This Solicitation opportunity from California was posted on February 27, 2025. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
Actuarial Services for City Pensions
Contract Overview
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The City of Fort Myers is soliciting proposals under RFP 25-038-RFP for qualified actuarial firms to provide specialized services for its defined benefit pension plans. The selected consultant will provide valuations, financial assessments, and strategic analysis to help the City mitigate risks and maintain competitive employee benefits. Proposals must be submitted as a single consolidated PDF via the OpenGov portal by March 13, 2025, with a proposed City Council approval date of April 7, 2025. The contract is intended for a three-year term with two optional one-year renewal periods. Award selection is based on a trade-off process rather than the lowest price, utilizing a two-phase evaluation. Phase one focuses on firm experience, personnel qualifications, project approach, financial stability, and preferences for local vendors and Minority Business Enterprises. Phase two increases the weighting of the project approach following interviews. Compliance requirements include mandatory E-Verify participation, fingerprint-based background checks for all personnel, and adherence to Florida statutes regarding human trafficking and public entity crimes. Payments are processed electronically through the City's Finance Department and are subject to annual fund appropriations.
General Info
Agency
Place of Performance
FL, USASet-Aside
Timeline
Submission Closed
Organization & Contact Information
Full Description
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