PMRS Actuarial Consulting Services

The Pennsylvania Municipal Retirement Board is requesting proposals for professional actuarial consulting services under RFP through the Commonwealth of Pennsylvania's Bureau of Planning and Management, with proposals due December 2, 2026 at 12:00 PM EST. Participation goals of 10 percent for Small Diverse Businesses (SDB) and 3 percent for Veteran Business Enterprises (VBE) apply; offerors must either meet these goals in full or obtain approved Good Faith Efforts waivers.

The scope encompasses actuarial valuations under Act 205 of 1984, determination of minimum municipal obligations, and accounting valuation services including composite reporting under GASB 67 and GASB 68 standards for municipal pension plans across Pennsylvania. The selected offeror will enter into a fixed-fee contract with a five-year term commencing after full contract execution and Commonwealth approvals.

Proposals will be evaluated on technical merit (65 percent weight) and cost (35 percent weight), with up to 3 percent bonus points available for domestic workforce utilization. Technical evaluation will assess personnel qualifications, soundness of approach, offeror qualifications, and understanding of the problem. Offerors must achieve a minimum technical score of 75 percent of available points to be considered responsible and eligible for best and final offers.

The RFP is available to all qualified firms without incumbent preference. An optional SDB and VBE Goal Information Session will be held via Microsoft Teams on October 5, 2026 at 3:00 PM EST; RSVPs are required by 12:00 PM EST that same day. All questions must be submitted through the Q&A Board within the procurement system. The selected offeror must be registered in Pennsylvania's Vendor Master file prior to contract execution. Contact Danielle Williams at danimwilli@pa.gov for inquiries.