Pension Actuarial Consulting Services

The government authority in Oklahoma requires a USA-based vendor to provide offsite pension actuarial consulting services. The buyer needs the actuary to analyze all proposed state legislative amendments that could fiscally impact state-administered public pension systems. For each piece of retirement legislation, the vendor must provide a written determination certifying whether the legislation carries a fiscal impact. The selected actuary must calculate the resulting dollar amounts for the unfunded actuarial accrued liability and the annual normal cost for affected retirement systems. Additionally, the actuary must determine the necessary employer contribution rate based on the system's most recent valuation report. Bidders must disclose any existing contractual arrangements with any state-regulated public pension system. The buyer seeks proposals to establish the budget. The provided text contains no details regarding evaluation criteria or key dates.