Pension Actuarial Services

Montgomery County, Pennsylvania is seeking qualified actuarial services for its Employees' Retirement System through a competitive Request for Proposal (RFP 25-37) process. The procurement aims to secure a contractor with demonstrated professional competence and experience to perform comprehensive pension actuarial services, with the contract anticipated to commence on or about January 1, 2026. The selected vendor will be responsible for providing detailed actuarial analysis, including pension statement preparation, benefit calculations, and comprehensive system evaluations. Proposals are due by August 13, 2025, with potential bidders required to submit comprehensive documentation including a contract cover page, trade secret form, and adherence to standard terms and conditions. The evaluation will likely focus on the vendor's professional expertise, technical capabilities, understanding of pension system complexities, and ability to deliver precise and comprehensive actuarial services.

While the RFP documents do not explicitly mention specific set-aside designations or enterprise restrictions, the procurement appears open to qualified actuarial firms with specialized pension system expertise. The attached documents, including sample pension statements and benefit calculation reports, suggest a complex system requiring in-depth technical knowledge and sophisticated analytical capabilities. The contract appears to be a professional services engagement without a specifically disclosed budget range, though the comprehensive nature of the required services implies a substantial professional services contract. Potential respondents will need to demonstrate significant experience in public sector pension system actuarial work, with capabilities to provide detailed financial analysis, benefit calculations, and strategic pension system insights. The procurement represents a critical professional services selection for Montgomery County's Employees' Retirement System, seeking a vendor capable of providing high-level actuarial support and strategic pension management guidance.