Actuarial Services

The government authority located in Philadelphia, Pennsylvania is seeking a vendor to provide actuarial services for both Annual Pension Valuation Services and General Actuarial Consulting Services. The agency needs to determine annual Actuarially Determined Contributions, develop Pension and Other Post Employee Benefits costs and liabilities, and project future costs for each Plan. This initiative solves the agency's need for data reconciliation, plan experience analysis, and financial funding evaluations. The scope of work for the Annual Pension Valuation Services covers collecting and maintaining necessary data, performing valuations based on alternative assumptions, and reconciling pension costs and funded status with the prior year. For the General Actuarial Consulting Services, the project covers pricing out plan provision changes due to labor or statutory shifts, analyzing early retirement programs, evaluating retirement patterns, and providing mortality tables. The selected vendor will also perform reviews of plan calculations, administration, and forms offsite. Bidders must be onshore organizations based in the United States to be eligible for this opportunity. The agency is looking for proposals to determine the budget for this project. The contract period will span five years. The agency will hold a pre-bid meeting on May 27, 2026. Bidders must submit all questions no later than June 3, 2026.