Actuarial Services for City Pensions
Closed State & local contract opportunity
- Solicitation number
- 25-038-RFP
- State
- Florida
- Responses due
Opportunity facts
- Jurisdictions
- NIGP codes
- UNSPSC codes
- Points of contact
-
- Denise Finn dfinn@fortmyers.gov (239) 321-7242
- LaDonna Purcell lpurcell@cvgairport.com (859) 767-1572
Opportunity details come from procurement.opengov.com. Updated .
About this opportunity
The City of Fort Myers is seeking qualified actuarial firms to provide comprehensive services for its defined benefit pension plans through a Request for Proposal (RFP No. 25-038-RFP). The primary objective is to obtain professional guidance, valuations, and strategic analysis to address current pension plans, identify opportunities, and mitigate risks while delivering competitive employee benefits. Key services include assessing financial implications of pension benefit changes, modeling pension liabilities, assisting in plan modifications, advising during union negotiations, and evaluating the plan's long-term financial sustainability. The contract will be awarded for an initial three-year term with potential for two one-year renewals. The proposal evaluation will utilize a 100-point scoring system, with points allocated as follows: 40 points for consultant experience, 30 points for project approach, 15 points for financial stability, and 15 points for price proposal. Proposals are due on March 13, 2025, at 2:00 pm, and will be submitted through an electronic bidding system via OpenGov.
The procurement includes several set-aside and preference considerations, with up to 5 additional points awarded for local businesses located in Fort Myers or Lee County. Potential Minority Business Enterprise (MBE) points may also be available. Respondents must comply with multiple regulatory requirements, including E-Verify employment eligibility verification, human trafficking restrictions, and drug-free workplace regulations. Contractors are required to maintain $1 million in professional liability insurance and must complete various affidavits, including a Local Preference Affidavit, Human Trafficking Affidavit, and Build America, Buy America (BABA) Certification. While a specific contract value is not explicitly stated, the comprehensive nature of the services and the multi-year contract structure suggest a significant financial commitment. Additional compliance documents, such as the Byrd Anti-Lobbying Certification and E-Verify Affidavit, underscore the complex regulatory environment for this actuarial services contract.
Opportunity text
The City of Fort Myers (City) requests submittals from qualified actuarial firms that are specialized in the area of defined benefit pension plans. The City is seeking guidance, valuations and analysis prepared by such firms in order to best address its current plans, looking for potential opportunities and mitigating risks while delivering competitive pension benefits to its employees.
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