2026 RFQ for Actuary Services - Benefits Self Insurance.pdf
PDF 133 KB Posted
- Solicitation number
- S-KS0043-00016756
- Issued by
- Oregon
About this file
This is a Request for Quote (RFQ) issued by the City of Salem, Oregon, for actuary services to conduct a comprehensive study of the city's Benefits Self-Insurance Fund. The city is seeking quotes for an independent actuarial review to determine the necessary claims reserve levels for self-insured health, vision, dental, and prescription benefits. The study must analyze outstanding losses incurred through June 30, 2025, and forecast incurred but not reported (IBNR) and projected claims for the period July 1, 2025, through June 30, 2026. Additionally, the report must evaluate the city's rate methodology and assess market alignment of its health, vision, and dental self-insurance rates. All work must be completed by a certified actuary, and quotes must be submitted to James Wharton-Hess Sr., Fiscal Analyst in the Budget Office, by 1:00 PM on May 8, 2026.
Vendors submitting quotes should provide their expected number of hours, per-hour rate, and total price for the engagement. The RFQ references the City of Salem Council Policy No. C-16, which governs the self-insurance fund structure and reserve requirements. Respondents must complete the vendor information form included in the RFQ, providing company name, address, contact information, and authorized signature. The deliverable is a written report that includes the independent review of funding levels, IBNR analysis, claims forecasting, and rate methodology evaluation, all to be drafted and signed by the certified actuary.
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Other files
| File | Type | Posted |
|---|---|---|
| C16 Employee Benefits Self Insurance Fund Balance.pdf |
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Text version
Benefits Self-insurance Actuary Study Page 1 of 1
RETURN TO:
James Wharton-Hess Sr. Fiscal Analyst Budget Office jwhartonhess@cityofsalem.net
REQUEST FOR QUOTE
***THIS IS NOT AN ORDER***
Return To: James Wharton-Hess by 1:00 PM May 8th, 2026 at jwhartonhess@cityofsalem.net Description:
The City of Salem (“City”) is soliciting quotes for an actuary study to determine the necessary claims reserve in the City’s Benefits Self-insurance Fund in accordance with City of Salem Council Policy No.
C-16 (Attached).
Minimum Specifications:
• A written report including an independent review of funding level needed for self-insured claims reserve including incurred but not reported (IBNR) and unpaid health, vision, dental, and prescription claims for:
o Outstanding losses incurred through June 30, 2025 o IBNR and forecasted claims incurred between July 1, 2025 through June 30, 2026
• Report must include an analysis of the City’s rate methodology and market alignment of the
City’s Health, Vision, and Dental self-insurance rates.
• Report must be drafted and signed by a certified actuary.
Vendor Name_______________________________________________________________________
Address: ______________________________________ Phone: ____________________________
City, State, Zip: _____________________________________________________________________
Email Address: __________________________________ Fax: _______________________________
Print Contact Name: ______________________________________
Signature of Vendor/Contact: ___________________________________________________________
Expected Number of Hours: Per Hour Rate: Total Price:
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