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City of Madison·Wisconsin

ACTUARIAL AUDIT SERVICES EMPLOYEES’ RETIREMENT SYSTEM OF THE COUNTY OF MILWAUKEE

Closes 12/10/2026$150k – $300kRequest for Proposal
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Description

The State of Wisconsin Legislative Audit Bureau is seeking a qualified actuarial firm to perform an independent actuarial audit of the County of Milwaukee Employees’ Retirement System (County ERS). The audit must replicate the January 1 2028 actuarial valuation, verify all assumptions, procedures, and methods used by the consulting actuary, and review the five‑year experience study. Deliverables include a comprehensive audit report, work‑papers, and briefings. Proposals are due 12 Oct 2026 12:00 PM CST, with a projected award in February 2027 and an overall project timeline of roughly four months. The contractor must demonstrate recent experience with public pension actuarial valuations, employ a Fellow of the Society of Actuaries as lead actuary, and satisfy independence/conflict‑of‑interest requirements.

Attached files

Contact

Sheri Conway(Chief Business Officer)

[email protected]

(608) 266-2818

Key dates

Opened
10/7/2026
Questions due
11/3/2026
Closes
12/10/2026
Duration
4 months

Last updated

Details

Type
Request for Proposal
Industry
Consulting Services
NAICS
541618
Solicitation №
LAB-2026-01

Budget estimate

$150,000 – $300,000

The solicitation does not disclose a contract value. Comparable actuarial audit contracts for medium‑sized public pension plans typically range from $150,000 to $300,000, depending on scope, data complexity, and staffing levels. Given the requirement to fully replicate a multi‑billion‑dollar valuation and produce extensive documentation, a reasonable estimate is a low‑end of $150k (minimal staff, limited travel) to a high‑end of $300k (senior actuaries, extensive data processing, possible travel to Milwaukee).

AI estimate from the solicitation

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