Actuarial Services Consultant

The State Employees' Retirement System (SERS) of Pennsylvania is seeking an Actuarial Services Consultant to perform critical financial analysis and reporting functions. The primary deliverables include an annual valuation of the State Employees' Retirement Fund, which encompasses both Defined Benefit and Defined Contribution Plans, to be completed within four months of each calendar year's end. Additionally, the consultant will conduct an annual valuation for the Benefits Completion Plan (BCP), provide annual stress testing reports for the Independent Fiscal Office, and generate actuarial cost notes for specific legislation. Every five years, the consultant must perform an extensive actuarial investigation and experience study covering member, annuitant, and beneficiary data, with the next study spanning January 1, 2025, through December 31, 2025. The proposal submission is exclusively electronic through the JAGGAER portal, with all offerors required to create a user profile in the Commonwealth's system. The solicitation was posted on August 21, 2025, with proposals due by October 2, 2025.

While no specific set-aside designations or disadvantaged enterprise requirements are explicitly mentioned in the documentation, potential respondents must navigate a detailed registration process through the Pennsylvania Supplier Portal and JAGGAER system. Vendors will need to provide comprehensive business information, including EIN/SSN, legal business name, and contact details. The contract appears to require significant actuarial expertise, with qualifications likely including professional actuarial certification, extensive experience in governmental retirement system analysis, and proficiency in complex financial modeling. Though no specific budget range is provided, the comprehensive nature of the required services suggests a substantial contract value. Interested parties must complete vendor registration, which involves multiple steps of verification and account creation, and are advised to carefully review the attached documentation, including the "Manage JAGGAER Supplier Registration and Account" guide and the "Registration Guide PA Supplier" document to ensure compliance with submission requirements.