UNSPSC 84131702: Union or guild administered pension funds

UNSPSC 84131702 Union or guild administered pension funds, a Commodity code, encompasses actuarial consulting and valuation services that state and local governments procure to analyze the financial soundness, reserve adequacy, and sustainability of employee benefit programs, self-insurance funds, pension plans, and post-employment benefit liabilities. State and local buying activity under this code reflects a consistent pattern of demand from county commissioners' offices, city finance departments, transit authorities, school districts, and state agencies seeking independent actuarial reviews to support GASB 75 compliance, workers' compensation fund analysis, healthcare plan valuations, and pension program assessments. Recent solicitations show county risk management and finance divisions dominating the buyer base, with participation from state departments of treasury, revenue, and insurance; municipal clerk offices; transit authorities; and special-purpose commissions managing reclamation guaranty funds and prepaid tuition programs. Representative recent opportunities include Chatham County Board of Commissioners' RFP 26-0029-5 (due March 31, 2026) for benefits consulting and actuarial services covering self-funded health and pharmacy plans serving 4,000 members, Hillsborough County's RFP 2600292 (due July 24, 2026, estimated value $1,000,000) for insurance consulting and brokerage services managing $2.6 billion in total insured values, and Jackson County, Missouri's RFP for GASB 75-compliant OPEB actuarial valuations (due March 16, 2026, estimated annual value $8,000) serving 1,551 participants.

Geographic activity concentrates in Florida (Hillsborough County, Palm Beach County, Orange County Transportation Authority, City of Holly Hill, City of Tallahassee, City of Salem—Florida operations, and City of Atlanta), the upper Midwest (Michigan, Wisconsin, Ohio), and the Pacific Northwest (Oregon, Washington), with secondary activity in Virginia, Kentucky, Missouri, and Georgia. Evaluation criteria across recent opportunities consistently weight technical qualifications and experience heavily (20–40 points), with actuarial credentials (FCAS, ACAS, FSA, ASA, CPA certification), relevant industry experience (often three to seven years minimum), and sample work product required. Professional liability insurance minimums range from $1 million to $5 million per occurrence, and response timelines vary from two weeks for prequalification pools (Michigan captive insurance examinations, RFP 260000002052, due June 15, 2026) to six weeks for full valuation work. Small Business Enterprise participation is encouraged in several jurisdictions (Florida, Georgia) but rarely mandated. Contract values disclosed in recent postings range from $3,200 annually (interim updates) to $1,000,000-plus (multi-year insurance brokerage and consulting), though most full actuarial valuations cluster in the $8,000–$50,000 annual range for smaller municipalities and counties. Local vendor preferences appear in select jurisdictions (Dane County, Wisconsin offers five bonus evaluation points; Fairfax County offers none), and incumbent vendors are identified in multiple recent opportunities (Nyhart for City of Salem OPEB work; Lewis & Ellis for Jackson County; Aon Consulting for Hillsborough County Public Schools after 27 years of service), signaling both continuity and openness to competitive replacement.