Summary: Scopes of Work and Project Description - Pennsylvania Schools Public Employees' Retirement System (PSPERS)

This is a Scope of Work document for the Pennsylvania Schools Public Employees' Retirement System (PSPERS), detailing consulting services for actuarial and pension plan valuation work. The project requires comprehensive actuarial valuation services, including pension obligation bond analysis, asset-liability studies, and actuarial experience studies for the defined benefit pension plan covering public school employees across Pennsylvania. The consulting firm will provide detailed actuarial reports, demographic analyses, and recommendations for plan modifications or benefit structure adjustments. The engagement encompasses multi-year actuarial services with annual valuations, interim studies, and ad hoc analyses as requested by PSPERS management. No specific response deadline or contract award date is provided in the document, though the scope indicates an ongoing professional services relationship with deliverables tied to the plan's fiscal year cycle.

Pricing for the engagement is structured as a professional services contract with costs negotiated based on scope complexity and resource requirements. The consultant must hold appropriate actuarial credentials and maintain compliance with Actuarial Standards of Practice. PSPERS will fund the engagement through plan assets and administrative expense budgets. The contract term includes initial valuation services with provisions for renewal and extension based on performance and organizational needs. The incumbent consultant relationship and specific funding amounts are not detailed in this scope document, which serves primarily as the technical requirements and performance expectations for the selected vendor.