120961 O5 SOLICITATION LIST OF RESPONDENTS.pdf

This document is a Solicitation List of Respondents for Request for Proposal (RFP) 120961 O5 issued by the Nebraska Department of Administrative Services, State Purchasing Bureau for Actuarial Services. The solicitation, set to open on March 21, 2025, received responses from four consulting firms: Cavanaugh MacDonald Consulting, LLC (CavMac), Gabriel, Roeder, Smith & Company, Milliman, Inc., and The Segal Company (Midwest), Inc. The RFP seeks a vendor to provide comprehensive actuarial consulting services for six retirement systems and one deferred compensation plan, serving approximately 180,000 plan members with assets totaling around $21 billion.

The solicitation requires vendors to demonstrate extensive expertise in public pension fund actuarial consulting, with mandatory qualifications including at least three public pension fund clients by December 31, 2024, five years of organizational experience, and a lead consultant with ten years of public pension fund actuarial consulting experience. The initial contract term is three years, with two optional three-year renewal periods, and the awarded vendor must begin services by July 1, 2025. While no specific budget range is disclosed, the comprehensive scope of services suggests a substantial contract value. The State reserves the right to contract with other vendors for similar services and may extend the contract period beyond the initial termination date, with all proposed costs expected to be all-inclusive and covering travel, meetings, and other expenses.