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Actuarial Valuation and GASB Reporting

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State & Local

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This subcontract for Actuarial Valuation and GASB Reporting involves performing complex actuarial calculations for prime contractors working on Pennsylvania Municipal Retirement System projects. The scope of work includes the preparation of annual composite valuation reports, approximately 1,060 GASB 68 reports, and biennial defined benefit plan valuations, as well as the certification of Act 205 demographic and financial data for the Auditor General. Qualified providers must possess EA or FSA certifications and utilize specialized actuarial software capable of handling large-scale public pension data. The primary deliverables for this engagement are certified valuation reports and comprehensive GASB 68 compliance documentation. The solicitation was posted on October 2, 2026, with a response deadline of December 2, 2026.

General Info

Place of Performance

PA, USA

Set-Aside

NONE

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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Performs complex actuarial calculations for prime contractors on Pennsylvania Municipal Retirement System (PMRS) projects. Prepares annual composite valuation reports, approximately 1,060 GASB 68 reports, and biennial defined benefit plan valuations. Certifies Act 205 demographic and financial data for the Auditor General. Requires actuarial software for large-scale public pension data and EA or FSA certifications. Delivers certified valuation reports and GASB 68 compliance documentation.

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NAICS: 524292
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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

POSTED

about 21 hours ago

DEADLINE

in 2 months
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