RFP S 45900 14078 Notice of Competative Range.pdf

This is a Notice of Competitive Range issued by the Oregon Public Employees Retirement System (PERS) on August 29, 2025, for Actuarial Services RFP Oregonbuys number S-45900-00014078. PERS solicited comprehensive actuarial consulting services to support its pension program, with proposals due by July 24, 2025, at 12:00 PM Pacific Time. The initial contract term is anticipated to be four years with potential renewal options extending to a total of ten years. Four proposers have advanced to the competitive range and are listed in no ranking order: Gabriel, Roader, Smith & Company; Cavanaugh Macdonald Consulting; Milliman; and The Segal Company. Subsequent evaluation rounds will proceed at PERS's discretion, with further details to be communicated to proposers through the Single Point of Contact via email.

The solicitation requires proposers to demonstrate at least four public pension clients with assets exceeding $10 billion and ten years of experience in public pension consulting. Compensation is structured through monthly retainer fees, fixed project fees, and hourly rates for special projects, with differentiated rates between senior actuaries and associate actuaries/analysts. Proposers must maintain professional liability insurance of at least $10 million per claim and were required to complete a Certified Disadvantaged Business Outreach Plan, with the RFP encouraging participation from small businesses certified by the Oregon Certification Office for Business Inclusion and Diversity (COBID). The contract will support PERS's pension system, which manages approximately $97 billion in assets as of December 2023, and allows for termination with 30 days' notice. Jennifer Champie, Senior Procurement and Contracts Specialist, serves as the primary point of contact at jennifer.champie@pers.oregon.gov.