Actuarial Services

The City of Frederick is seeking a qualified firm to provide actuarial consulting services for its three defined benefit pension plans and Other Post-Employment Benefits (OPEB). The selected firm will be responsible for performing actuarial valuations, preparing reports, and providing consulting services to the City. The contract will be for a term of one year, with the option to extend for up to 90 days. The City is looking for a firm with experience in providing actuarial services to public sector clients, particularly those with similar pension plans and OPEB. The firm should have a strong understanding of the City's pension plans and OPEB, as well as the ability to communicate complex actuarial concepts to non-technical stakeholders. Some key responsibilities of the selected firm will include: • Performing actuarial valuations of the City's pension plans and OPEB • Preparing reports and presenting findings to the City's stakeholders • Providing consulting services to the City on matters related to pension plans and OPEB • Assisting the City in developing and implementing strategies to manage pension plan and OPEB costs • Collaborating with the City's staff to ensure that actuarial services are delivered in a timely and effective manner