Addendum-4-RFP-26-00036-ACAC-7-2-26.pdf

Addendum No. 4 to SEPTA RFP No. 26-00036-ACAC for Actuarial Services extends the proposal submission deadline from Wednesday, July 8, 2026 at 3:00 PM to Wednesday, July 15, 2026 at 3:00 PM. The addendum, issued by Carolyn Cotton, Senior Contract Administrator in the Procurement and Supply Chain Management Department on July 2, 2026, requires acknowledgement through a signature on the Addendum Acknowledgement Form to be submitted with the Technical Proposal. The procurement seeks qualified consultants to provide comprehensive actuarial services for SEPTA's five defined benefit pension plans and OPEB plans under a five-year contract term, covering approximately 7,618 active employees, 1,116 terminated vested participants, and 7,081 retirees with total plan assets of approximately $3.1 billion.

The scope of services includes annual pension valuations, GASB 67/68 and 74/75 financial disclosure reports, OPEB valuations, development and maintenance of web/cloud-based pension calculation and administrative tools hosted on vendor infrastructure using AWS or Microsoft Entra/Azure cloud providers, general actuarial consulting, assumption reviews, contribution projections, and workforce planning tools. The solution must integrate with SEPTA's mainframe systems via SFTP for employee and payroll data with SSO authentication through Microsoft 365, requiring two environments (TEST/QA and PROD) with expected capacity for 2-4 concurrent users and peak calculation periods in September-October and March-April. BNY Mellon Bank serves as the trustee for the plans. Inquiries regarding the addendum should be directed to Carolyn Cotton at (215) 580-7599 or cCotton@SEPTA.org.