02_Attachment_A_-_Agency_Purpose.pdf

Attachment A

OMES Central Purchasing | October 2025 Attachment A: Agency Solicitations | Page 1 of 2

AGENCY SOLICITATIONS

SOLICITATION NO. EV00000974

This solicitation is a contract document and is a request for proposal in connection with the contract awarded on behalf of the Legislative Service Bureau by the Office of Management and Enterprise Services as more particularly described below. Any defined term used herein but not defined herein shall have the meaning ascribed in the General Terms or other contract document.

I. PURPOSE

The Office of Management and Enterprise Services (OMES) Central Purchasing division is seeking responses on behalf of the Legislative Service Bureau from potential suppliers to provide a contract for the purchase of actuarial services per the Oklahoma Pension Legislation Actuarial Analysis Act. A contract resulting from this solicitation may be designated for use as a statewide contract. See 74 O.S. § 85.5(G)(3).

The contract is awarded on behalf of the Legislative Service Bureau for actuarial services per the Oklahoma Pension Legislation Actuarial Analysis Act.

The Oklahoma Pension Legislation Actuarial Analysis Act ("OPLAAA") was passed in 2006 for the purpose of requiring actuarial analysis of all legislation and amendments proposed and considered by the Legislature that could fiscally impact the various state administered public pension systems.

1. Contract Term and Renewal Options

1.1 The initial contract term, which begins on the effective date of this contract, is one year, and there are four one-year options to renew the contract.

2. Solicitation Criterion

2.1 The bid will be evaluated using a best-value criterion, based on the following:

2.1.1 Mandatory requirements.

2.1.2 Price.

2.1.3 Response to specifications.

2.1.4 Preferences will be given to an actuary or firm that:

• Has provided actuarial services for a minimum of five consecutive years immediately preceding the date of this solicitation

• Currently serves or has served within the past three years, as actuary of record for a public pension system with total plan assets or membership comparable to or greater than Oklahoma’s public retirement plans.

3. Scope and description

3.1 The bid response must reflect for each requirement on Exhibit 1 – Requirements and Scope of

Work, whether the requirement is met by an out-of-the-box solution or whether it necessitates customization to the bidder’s proposed solution.

3.2 The bid response shall show the ability of the bidder to meet or exceed the following mandatory specifications:

• The actuary or firm is or shall be a member of the American Academy of Actuaries, an

Associate or Fellow of the Society of Actuaries or an enrolled actuary

• The actuary or firm must have experience providing substantial actuarial services for large, public retirement systems

4. Pricing

4.1 Pricing shall be proposed as one of the following:

4.1.1 A detailed hourly breakdown showing the supplier staffing roles necessary to complete the work, the number of hours to be worked by each role, the hourly rate for each role and the total hours to be spent on the project.

5. The response to pricing shall be proposed using Exhibit 2: Price Template.

6. Business references are to be included in Exhibit 3: Bidder Reference Worksheet.

OMES Central Purchasing | October 2025 Attachment A: Agency Solicitations | Page 2 of 2

7. Third-party vendor information is included in Exhibit 4: Third-Party Supplier Information.