PMRS Actuarial Consulting Services

The Pennsylvania Municipal Retirement Board (PMRS) is seeking a professional actuarial consulting firm to provide comprehensive actuarial, valuation, and reporting services for its municipal pension plans. The work includes annual composite actuarial valuations, biennial plan‑specific valuations, GASB 68 reporting, Act 205 minimum municipal obligation calculations, cost‑study analyses, a five‑year experience study, and the development of a web‑based actuarial modeling tool. The contract is a fixed‑fee, five‑year agreement with small‑diverse‑business (10 %) and veteran‑business‑enterprise (3 %) participation goals, and compliance with Pennsylvania’s Right‑to‑Know and other statutory requirements. • Perform annual system‑wide actuarial valuations (2027‑2031) and biennial individual plan valuations. • Produce required GASB 68 and Act 205 reports, cost‑study valuations, and a five‑year experience study (due June 30 2030). • Provide a web‑based actuarial modeling platform, ongoing advisory services, and emergency‑continuity planning. • Meet SDB (10 %) and VBE (3 %) subcontracting goals, submit detailed technical, cost, and compliance packages, and adhere to a 5‑year fixed‑fee contract term.