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

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.