Request for Proposals for Pension Actuarial Services

The Employees Retirement System of Texas (ERS) has issued a Request for Proposals (RFP) solicitation number 23-13168-001 for comprehensive pension actuarial services. The procurement seeks a qualified entity to provide actuarial services for the ERS trust fund, with the anticipated contract spanning six years and expected to be executed in December 2025. Potential respondents must submit their proposals electronically through the Bonfire e-procurement portal by July 25, 2025, at 10:00 a.m. Central Time, and are required to meet minimum qualifications outlined in the Respondent Questionnaire. Bidders must use the latest versions of Microsoft Edge, Google Chrome, or Mozilla Firefox to create a Bonfire profile and submit their proposals. Questions from potential bidders will be accepted through the Bonfire platform until June 26, 2025, at 4:00 p.m. Central Time, with Valerie Rossman serving as the procurement specialist point of contact. The ERS reserves significant rights in the procurement process, including the ability to rebid the RFP, reject non-compliant proposals, and modify RFP provisions as deemed necessary.

The RFP does not explicitly mention specific set-aside designations or restrictions on respondent types. ERS emphasizes that it is under no legal obligation to execute a contract and will not reimburse respondents for proposal preparation costs. While specific budget ranges or award values are not detailed in the provided documentation, the six-year contract duration suggests a substantial procurement opportunity for actuarial services. The solicitation appears to be open to qualified actuarial firms or consultants with expertise in pension fund actuarial analysis and reporting. Potential respondents should carefully review the full RFP documentation to ensure compliance with all submission requirements and to understand the comprehensive scope of actuarial services sought by the Employees Retirement System of Texas. Interested parties must demonstrate technical capabilities, professional expertise, and the ability to provide comprehensive actuarial support for the ERS trust fund.