Pension Actuarial and Consulting Services DTMB & ORS
Ended State & local contract Michigan Awarded
- Contract number
- MA210000001170
- Awardee
- CBIZ VALUATION GROUP LLC
- Contracting organization
- Department of Environment , Great Lakes, and Energy
Contract facts
- Cumulative value
- $4,224,668
- End date
- Points of contact
-
- Courtney Powell powellc11@michigan.gov (517) 249-0452
- Allison Wardlaw wardlawa@michigan.gov (517) 284-4631
- Mary Ostrowski ostrowskim@michigan.gov (517) 249-0438
Updated .
About this contract
Gabriel Roeder Smith & Co provides comprehensive pension actuarial and consulting services through this IDV, serving Michigan's defined benefit retirement systems and related programs. The contract encompasses actuarial valuation services for five state retirement systems: the State Employees Retirement System, State Police Retirement System, Public School Employees Retirement System, Military Retirement Plan, and Judges Retirement System. Additional services include valuations for hybrid retirement plans and post-retirement life insurance programs, annual pension and other post-employment benefit valuations, five-year experience analyses, projection studies, legislative consulting, individual benefit calculations, and domestic relations order reviews. These services support the Department of Technology, Management and Budget and the Office of Retirement Services in managing and evaluating the state's pension obligations and retirement benefit structures.
Gabriel Roeder Smith & Co serves as the prime contractor under this IDV administered by the Michigan Department of Technology, Management and Budget. The contract was initially awarded on August 1, 2021, with an original completion date of July 31, 2026. Change Notice 2, approved July 7, 2026, exercised all three one-year renewal options, extending the contract through July 31, 2029. The contract covers the state of Michigan and is structured as a firm fixed-price agreement. The initial five-year contract value was $4,224,668.00, with Change Notice 2 adding $3,032,057.00 for the three option years, bringing the estimated total aggregate contract value to $7,256,725.00.
Files
| File | Type | Posted |
|---|---|---|
| 210000001170.pdf |
Quick answers
Who holds contract MA210000001170?
Contract MA210000001170 was awarded to CBIZ VALUATION GROUP LLC by Department of Environment , Great Lakes, and Energy in Michigan on August 1, 2021.
How much is contract MA210000001170 worth?
Its cumulative value is $4,224,668.
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