NIGP 95380: Retirement Benefit Plan Insurance

NIGP 95380 Retirement Benefit Plan Insurance, an Item code, covers actuarial valuations, retiree health plan analysis, stop loss reinsurance, and administrative services for governmental employee retirement and retiree benefit programs. County executive offices, municipal benefits departments, county board commissions, and special governmental entities like transit authorities and property insurance corporations are the active issuing bodies. Work solicited ranges from actuarial consulting for GASB-compliant retiree medical plan valuations (County of Orange, California, RFP due October 23, 2026) to stop loss reinsurance procurement for self-funded medical plans (City of Tucson, City of San Angelo) to recordkeeping and administrative services for consolidated 457(b) deferred compensation plans (City of Lubbock, Texas, RFP due June 11, 2026) and Medicare Advantage plan administration for county retirees (Gwinnett County Board of Commissioners, Hall County Board of Commissioners). Recent activity clusters in California, Florida, Georgia, Texas, and Arizona.

The code's activity spans both consulting-services and insurance-product procurement. Recent opportunities include brokerage and insurance consultant services (City of New Smyrna Beach, Florida, RFQ due November 6, 2026, and Catoosa County Board of Commissioners, Georgia, RFQ due October 22, 2026); Health Reimbursement Arrangement plan administration (County of Orange, California); and third-party administration of firefighter workers' compensation claims (City of Orlando, Florida, RFP due April 24, 2026). Cooperative purchasing vehicles appear in multiple solicitations. Set-aside and preference programs are present: County of Orange actuarial services RFP applies 5 percent OCLSB and 8 percent DVBE preferences; City of Orlando firefighter claims RFP allocates 2 evaluation points to Veteran Business Enterprise Participation. Minimum experience and insurance requirements are consistently mandated across actuarial, brokerage, and TPA roles. Contract terms typically run one to three years with optional renewals, structured as fixed fees, hourly rates, revenue-share formulas, or combinations thereof.