Actuarial Services RFP 2026

The New York State Olympic Regional Development Authority (Olympic Authority) is soliciting proposals from qualified actuarial firms for OPEB valuations, GASB reporting, and related consulting under its Actuarial Services RFP 2026, with proposals due December 3, 2026 at 2:00 PM ET. No set-asides have been established for MWBE or SDVOB firms, and the source lists DBE, MWBE, and SDVOB goals at 0.00%, though proposers are encouraged to make good-faith efforts to use such businesses.

Eligibility requires at least five years of actuarial services experience and demonstrated OPEB valuation and GASB reporting work for governmental entities, public authorities, municipalities, school districts, or comparable public-sector organizations. At least one team member must be a Fellow or Associate of the Society of Actuaries with relevant OPEB experience. Professional liability insurance with acceptable limits is required.

The primary service is preparing OPEB actuarial valuations and disclosures that support financial statements and implementation of GASB Statements 74 and 75. The Olympic Authority may also request additional actuarial studies, projections, experience analyses, benefit modeling, or other actuarial consulting during the term. Proposals are capped at thirty pages, excluding required forms and attachments, and must include a firm overview, key personnel credentials, the proposed actuarial approach, a deliverables schedule, cybersecurity program details, three public-sector references, and a complete fee proposal on the provided Price Proposal Form. The listed jurisdiction is Essex County, New York.

The contract begins January 1, 2027 as a one-year initial term with four optional one-year renewals, for a potential maximum of five years. Evaluation is best value, weighted as follows: firm qualifications and public-sector experience (25%), actuarial methodology and GASB expertise (25%), understanding of needs and responsiveness (15%), cost (20%), references and demonstrated performance (10%), and cybersecurity and data protection (5%). Business enterprises awarded an identical or substantially similar contract within the past five years are Annie Brown Consulting Actuary, PLLC and PRM Consulting Group.