Total Compensation Actuarial Services

The State of Colorado is issuing an RFP to obtain total compensation actuarial services for its classified and non‑classified workforce. The contractor will be responsible for comprehensive compensation analyses, market benchmarking, step‑pay evaluation, salary range studies, benefits assessments, and the production of detailed reports and recommendations. The work includes data collection, methodology documentation, quality‑control processes, and the ability to maintain continuity of service despite personnel changes. Subcontractor use is permitted but must be tightly controlled, especially regarding access to confidential employee data. The deliverables must meet accessibility standards and be audit‑ready. • Perform total compensation and market compensation analyses for state employees. • Conduct step‑pay program evaluation and recommend improvements. • Analyze pay structures (grade minimums, midpoints, maximums, spreads). • Provide benchmark matching with at least an 80 % core‑responsibility match. • Deliver comprehensive reports linking findings to source data and methodology. • Maintain rigorous quality‑control, documentation, and data‑security protocols. • Offer backup and continuity plans for key personnel and any subcontractors.