The purpose of this document is to provide interested parties with information to enable them to prepare and submit a proposal for actuarial audit services. An interested supplier may bid on one or more components. The RFP is divided into three components: Retiree Life Insurance Program - an independent assessment of the consulting actuary’s actuarial valuation as of January 1, 2017 (valuation date), and the roll-forward of these calculations to December 31, 2017 (measurement date), for both the State Retiree Life Insurance and Local Retiree Life Insurance, to meet plan and employer reporting and disclosure requirements under GASB Statements 74 and 75. State Retiree Health Insurance Program - an independent assessment of the State Retiree Health Insurance programs consulting actuary’s actuarial valuation as of January 1, 2017 (valuation date), and the roll-forward of these calculations to June 30, 2017 (measurement date), to meet employer reporting and disclosure requirements under GASB Statement 75. Group Health Insurance Program – an independent assessment of the actuarial determination and calculation of an appropriate reserve amount by the consulting actuary of the Group Health Insurance program. The Contractor will also provide actuarial consulting services by responding to a limited number of ad hoc questions about the actuarial basis for decisions made by the Group Insurance Board and the Department of Employee Trust Funds related to the Group Health Insurance program and other programs overseen by the Group Insurance Board.
Bid Protests Not Available