Actuarial Consulting Services

The government authority located in Baltimore, Maryland is seeking actuarial consulting services to support its individual retirement systems. The agency requires these services to ensure compliance with all applicable statutes, rules, governmental accounting standards, and actuarial standards of practice. The selected contractor will analyze actuarial assumptions, procedures, and funding methods, and provide summaries of principal plan provisions for each individual system. The scope of work requires the contractor to prepare separate annual actuarial valuation reports for the Municipal Pool from fiscal year 2027 through fiscal year 2031, including any potential extensions. To complete these valuations, the contractor must request, obtain, review, and validate all necessary participant and financial data for reasonableness and consistency. Additionally, the contractor must present specific financial disclosures separately in the annual valuation report for the Municipal Pool portion of the Employees’ Retirement System and monitor regulatory changes that may impact the system. Bidders must perform all work offsite and must be located onshore within the United States. The agency is seeking budget proposals for a contract period lasting five years. Key dates for this opportunity include a pre-bid meeting scheduled for June 16, 2026, and a deadline for submitting questions by June 23, 2026.