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Level 1 Full-Scope Actuarial Audit

Active
State & Local

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This subcontract opportunity is for a qualified actuarial firm to perform a Level 1 full-scope actuarial audit for prime contractors working on Kentucky Legislative Research Commission projects. The selected firm will be responsible for the independent replication and analysis of calculations, assumptions, procedures, and methods employed by plan actuaries for the fiscal year 2026 annual valuation of state-administered retirement systems. The primary deliverable for this engagement is a completed audit report. The project is based in Frankfort, Kentucky, and falls under NAICS code 541990. Interested parties must submit their responses by October 31, 2026, following the posting date of October 2, 2026. This contract requires a high level of technical expertise to ensure the accuracy and integrity of complex pension valuations.

General Info

Documents

This scope was carved out of RFI 010 2700000010.

The full solicitation package (5 documents), including the RFP, is on the prime solicitation, not on this scope.

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RFI-010-2700000010-1 | Actuarial Audit - KY State-Administered Retirement System

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Organization & Contact Information

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AgencyKentucky → Legislative Research Comm
ContactsNo contacts available
OfficeN/A
Office AddressN/A
ContactsNo contact information available

Full Description

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Performs a Level 1 full-scope actuarial audit for prime contractors on Kentucky Legislative Research Commission (LRC) projects. Conducts full-scope replication and analysis of calculations, assumptions, procedures, and methods used by plan actuaries for the fiscal year 2026 annual valuation of state-administered retirement systems. Requires a qualified actuarial firm capable of independent replication of complex pension valuations. Delivers a completed audit report.

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Same NAICS industry code

NAICS: 541990
New
SLED
Actuarial Services
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The Texas A&M University System is soliciting qualifications for a firm to provide comprehensive actuarial services for its self-insured group health, dental, benefits, retirement, and other programs administered through the Office of Risk Management. The scope of work includes performing annual actuarial analyses for health and prescription drug plans, determining Incurred But Not Reported (IBNR) reserving levels for self-insured programs, and providing annual valuation services for Other Post-Employment Benefits in compliance with GASB 74 and 75. Additionally, the selected vendor will provide ad-hoc actuarial support and financial analyses to assist with rate development and program structure changes. The contract is anticipated to begin on November 1, 2026, with an initial term of three years and the option to extend for up to three additional years, ending no later than October 31, 2029. Awards will be based on best value, with preferences potentially given to firms with experience with Texas state agencies or those headquartered in Texas. Respondents must submit their qualifications and proposed costs by October 23, 2026. Key requirements include the execution of a HIPAA Business Associate Agreement, compliance with Texas Government Code and the Texas Public Information Act, and adherence to federal non-discrimination and safety standards.
Texas A&M University System

POSTED

1 day ago

DEADLINE

in 17 days
View Details

More opportunities from Kentucky → Legislative Research Comm

Same awarding agency

NAICS: 524292
New
SLED
RFI-010-2700000010-1 | Actuarial Audit - KY State-Administered Retirement System
Solicitation # RFI 010 2700000010
The Kentucky Legislative Research Commission, acting for the Public Pension Oversight Board, is seeking a professional actuarial consulting firm to perform a Level 1 full-scope actuarial audit of the state-administered retirement systems. This statutorily mandated audit focuses on the fiscal year 2026 annual valuation and requires a comprehensive replication and analysis of the calculations, assumptions, procedures, and methods utilized by plan actuaries. Key deliverables include a final written report and at least one in-person presentation in Frankfort, Kentucky. The selected firm must assign both a primary and secondary actuary and maintain strict compliance with Kentucky Revised Statutes regarding the confidentiality of member information and protected health information. This solicitation is issued as a Request for Information with a response deadline of October 31, 2026. The resulting contract will have an initial term of one year from the date of award, with options for four additional two-year extensions. Payment terms specify that no more than 50 percent of total fees will be paid before the completion of specific work products, with a target payment window of 30 business days following the receipt of a supported invoice. Proposals must include a signed solicitation and technical and cost solutions to be considered responsive. The Commonwealth reserves the right to inspect all services and apply a one percent daily penalty for late deliveries.
Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds

POSTED

5 days ago

DEADLINE

in 25 days
View Details

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