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Pennsylvania Municipal Retirement System·Pennsylvania

Actuarial Consulting Services

Closes 12/2/2026$500k – $2MRequest for Proposal
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Description

The Pennsylvania Municipal Retirement Board is seeking a qualified firm to provide professional actuarial consulting services for its public‑employee retirement system over a five‑year period. The work includes actuarial valuations, pension funding analysis, demographic projections, and advisory support for benefit design and regulatory compliance. All proposals must be submitted electronically via the JAGGAER portal, and the contractor must meet Small Diverse Business (SDB) and Veteran Business Enterprise (VBE) participation goals (10% SDB, 3% VBE) or obtain a Good‑Faith Effort waiver. The solicitation includes mandatory separate submittal packets for SDB and VBE participation, and the contract will be awarded to the most responsive and responsible bidder. • 5‑year contract for actuarial consulting • Valuations, funding studies, demographic projections, benefit advisory • Electronic submission only (JAGGAER) • SDB/VBE participation goals (10%/3%) with waiver process • No public bid opening; award date not specified • Contact: Danielle Williams, Issuing Officer

Attached files

Contact

Danielle Williams(Issuing Officer)

[email protected]

(717) 265-7275

Key dates

Opened
10/2/2026
Closes
12/2/2026
Duration
5 years

Last updated

Details

Type
Request for Proposal
Industry
Consulting Services
NAICS
541618
Solicitation №
6100066610

Budget estimate

$500,000 – $2,000,000

The solicitation does not disclose a contract value. A five‑year actuarial consulting engagement for a state retirement system typically ranges from $500,000 to $2,000,000 depending on scope, staffing levels, and deliverable complexity. The lower end assumes a modest annual workload; the higher end reflects extensive annual valuations, multiple scenario analyses, and ongoing advisory support.

AI estimate from the solicitation

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