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Metropolitan Government of Nashville and Davidson County·Tennessee

Actuarial Services

Closes 4/21/2026$2M – $8MRequest for Proposal
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Description

The Metropolitan Government of Nashville and Davidson County seeks a qualified actuarial firm to provide comprehensive pension valuation, disclosure, and health/OPEB actuarial services for its employee benefit programs. The contractor will be responsible for annual funding valuations, GASB disclosures, experience studies, contribution‑rate recommendations, IBNR calculations, OPEB valuations, and related advisory support, while maintaining secure electronic data processing environments and attending board meetings in person. • Deliver annual pension and health/OPEB actuarial valuations and associated reports (GASB, contribution rates, COLA, IBNR). • Provide ongoing advisory services, plan‑amendment evaluations, audit support, and QDRO assistance. • Maintain secure EDP/EDI systems, disaster‑recovery plans, and comply with HIPAA and AICPA standards. • Submit all required forms, cost spreadsheet, and insurance certificates; meet strict deadlines including a pre‑offer meeting (Mar 26) and final proposal due (Apr 21).

Attached files

Contact

Grace Wichert(Purchasing Agent)

[email protected]

(615) 880-3096

Key dates

Opened
3/21/2026
Questions due
3/31/2026
Pre-bid meeting
3/26/2026
Closes
4/21/2026
Projected award
5/5/2026
Duration
5 years

Last updated

Details

Type
Request for Proposal
Industry
Consulting Services
NAICS
541618
Solicitation №
GG000043

Budget estimate

$2,000,000 – $8,000,000

No contract value is disclosed, but public‑sector actuarial contracts of this scope (covering multiple pension and health plans for a city of ~15,000 employees) typically range from $2 million to $8 million over the full contract term. The lower bound assumes a modest annual fee (~$400‑$500k) for basic valuations, while the upper bound reflects a comprehensive, multi‑year engagement with extensive advisory, data‑security, and on‑site support components. Factors influencing the final amount include the number of plans covered, the depth of required analyses, and any additional consulting services requested by the Board.

AI estimate from the solicitation

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