Frederick County, Maryland is seeking actuarial consulting services for its retirement plans and length of service award program. The contract includes services for the Frederick County Employees Retirement Plan (Non-Uniformed), Frederick County Uniformed Employees Retirement Plans, and the Length of Service Awards Program (LOSAP). The contract was awarded to multiple vendors, including AON Consulting, Inc., Bolton Partners, Inc., and others. The scope of work includes providing actuarial consulting services, including valuation and assumption studies, and other related services. Key information about the contract includes the bid type (RFP), bid number (22-392), and the agency responsible for the contract (Frederick County Procurement & Contracting Dept). Some of the key points from the contract documents include:
• The contract is for actuarial consulting services for the Frederick County retirement plans and length of service award program.
• The contract includes services for the Frederick County Employees Retirement Plan (Non-Uniformed), Frederick County Uniformed Employees Retirement Plans, and the Length of Service Awards Program (LOSAP).
• The contract was awarded to multiple vendors.
• The scope of work includes providing actuarial consulting services, including valuation and assumption studies, and other related services.
• The contract has a pre-bid conference scheduled for January 12, 2023, at 10:00 AM EST.
• The contract has a bid submission date of February 3, 2023, at 3:00 PM EST.
• The contract has various attachments, including experience study reports, valuation reports, and worksheets.