Benefit Pension and Other Post Employment Benefits Actuary Services

A government authority located in San Antonio, Texas is seeking benefit pension and other post-employment benefits actuary services. The agency requires an annual actuarial valuation and benefits ledgers report to determine the necessary contribution amount and payroll percentage to maintain the retirement plan in sound actuarial condition. This annual report must also specify the funds required to cover the administration and operation expenses of the retirement plan. The agency also requires ongoing consultation and advisory services regarding technical, policy, or administrative issues that arise during the operation of the plan. The selected provider must review the summary plan description for benefit changes and legal updates, and conduct actuarial reviews of disability benefit calculations. These reviews will evaluate participant data, disability recovery rules, and the financial impact of disability retirement and reinstatement trends on the plan. For other post-employment benefits, the agency requires an annual actuarial valuation to disclose retiree benefit liabilities, alternating between a full valuation every other year and an interim roll-forward valuation in the following year. This process includes delivering a budget forecast, a thirty-year projection, and a separate report containing the financial information necessary to disclose the funding cost of these benefits. The agency is offering a five-year contract period for these offsite services. Only onshore organizations based in the United States are eligible to bid on this opportunity. Bidders must submit their proposals digitally via email or online, and the agency is currently looking for proposals to establish the budget. The agency will hold a pre-bid meeting on June 23, 2026, and requires all questions to be submitted no later than June 30, 2026.