Attachment A Qualification Certification and Questionnaire.docx
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- Solicitation number
- 120961 O5
- Issued by
- Lancaster County, Nebraska
About this file
Attachment A is a Mandatory Qualification Certification and Questionnaire for Request for Proposal #120961 O5 issued by the Nebraska Department of Administrative Services, State Purchasing Bureau for actuarial services for the Nebraska Public Employees Retirement Systems (NPERS). The document outlines six mandatory qualification requirements for bidders, including having at least three public pension fund clients by December 31, 2024, a minimum of five years of organizational experience in actuarial consulting for public pension funds, and specific professional staffing requirements. The lead consultant must have ten years of experience in public pension fund actuarial consulting, be a member of the American Academy of Actuaries, and have the ability to discuss complex actuarial concepts in laymen's terms. Professional staff must have at least five years of experience in actuarial science and possess appropriate professional credentials such as Fellow or Associate of Society of Actuaries.
The qualification document emphasizes strict professional standards, requiring all services to be provided in accordance with generally accepted actuarial principles and mandating that the actuarial firm carry liability insurance as specified in the RFP. The certification requires manual signature or DocuSign, with the signatory providing their name, firm name, and title. While the document does not specify pricing or budget details, it is part of a comprehensive procurement for actuarial services managing approximately $21 billion in assets across six retirement systems and one deferred compensation plan, serving roughly 180,000 plan members. The contract will have an initial three-year term with two optional three-year renewal periods, with services to commence on July 1, 2025, and requiring approximately 15 in-person business days of meetings annually in Lincoln, Nebraska.
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Text version
ATTACHMENT A
Mandatory Qualification Certification and Questionnaire
Request for Proposal Number 120961 O5
All bidders are required to complete this attachment.
The bidder hereby certifies that it meets all of the following mandatory qualifications:
1. As of December 31, 2024, the bidder has a minimum of three (3) public pension fund clients.
_____ Yes. _____ No.
2. The bidder has a minimum of five (5) years of experience in providing actuarial consulting services to a public pension fund. This means that the bidder as an organization has been providing actuarial consulting services to a public pension fund for at least five (5) years. This requirement is not satisfied simply because its employees have at least five (5) years’ experience in providing actuarial consulting services to a public pension fund.
_____ Yes. _____ No.
3. The bidder’s lead consultant on the account must have a minimum of ten (10) years of experience in providing actuarial consulting service to public pension funds. This experience shall include general consulting, experience analysis, and valuation assignments for such funds. This person shall also have experience in testifying before legislative and administrative bodies in support of actuarial positions and the principles used in valuing a public retirement system or pricing legislation, and an ability to discuss in laymen’s terms the following: actuarial theory; basis for assumptions; and other actuarial matters. The lead consultant must be a member of the American Academy of Actuaries.
_____ Yes. _____ No.
4. Professional staff assigned to the account shall have a minimum of five (5) years of experience in the field of actuarial science and will include persons with appropriate professional credentials such as Fellow or Associate of Society of Actuaries, and/or Fellow of the Conference of Actuaries in Public Practice, and/or Member of the American Academy of Actuaries, and/or meet standards of a qualified actuary under the provisions of the Employee Retirement Income Security Act of 1974.
_____ Yes. _____ No.
5. All services to be provided on behalf of the account shall be in accordance with generally accepted actuarial principles.
_____ Yes. _____ No.
6. The actuarial firm must carry liability insurance as set forth in this RFP for the duration the contract (Section III, J Insurance Requirements).
_____ Yes. _____ No.
| __________________________________ | ________________________________________________________ | |
| Date | Name of firm |
| _____________________________________ | ________________________________________________________ |
| Name and title of individual signing for the firm. | Signed Manually in Ink or by DocuSign |
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