Actuarial Audit Services RFP

The Employees Retirement System of Texas (ERS) has issued a Request for Proposals (RFP No. 24-19173-001) seeking actuarial audit services to comprehensively review the work of ERS' insurance actuary. The procurement requires a qualified firm to conduct a detailed actuarial audit substantially similar to the previous audit performed for the period ending August 31, 2019. Respondents must meet minimum requirements outlined in Section B of the Respondent Questionnaire (Appendix G) and provide services as specified in Appendix F's Scope of Services. The contract will commence upon execution, anticipated in July 2025, and extend through May 31, 2027. Key submission deadlines include questions due by January 22, 2025, at 4:00 p.m. CT, and final proposals to be submitted via the Bonfire e-procurement portal by February 20, 2025, at 10:00 a.m. CT. Potential contractors must demonstrate expertise in conducting comprehensive actuarial audits for large retirement systems, with specific focus on reviewing insurance actuarial work and methodologies.

The RFP does not explicitly mention any set-aside designations or restrictions on organizational types that can respond. No specific budget range or award value is disclosed in the available documents, with ERS directing interested parties to submit open records requests for detailed financial information. The most recent actuarial audit was performed by Gabriel, Roeder, Smith & Company, though this does not indicate any preference for the incumbent vendor. Insurance requirements are outlined in Section I of the Scope of Services, with contractors required to provide proof of insurance in accordance with Section K of the Respondent Questionnaire. ERS reserves the right to reject proposals that do not comply with RFP instructions and will not reimburse vendors for proposal preparation costs. Potential contractors should be prepared for contract terms, including indemnification clauses, to be negotiated during the subsequent contracting phase. Questions regarding the RFP can be directed to David Torres, Procurement Specialist, through the Bonfire platform or via email at ivendorquestions@ers.texas.gov.