Pension Actuarial Valuation and Funding Services
Norfolk County > Retirement System
Contact
Submission Instructions
Description
The Norfolk County Retirement Board seeks actuarial services for the Norfolk County Retirement System, including review of the most recent actuarial study and preparation of actuarial valuation reports and funding schedules. The valuation must calculate pension costs and liabilities, provide financial statement disclosures, analyze member data, and include system-wide and participating-unit results, liability schedules, member-data charts, and 20-year cost forecasts. The work must comply with Massachusetts law, PERAC regulations, and applicable Governmental Accounting Standards Board requirements. The contractor must propose a completion schedule and, after submitting the written valuation report, present its findings at a Board meeting. The Board may also request biennial funded-status updates, additional valuation scenarios, and attendance at other meetings. Proposals must include separate technical and price submissions, the completed minimum-criteria responses and candidate questionnaire, an example valuation report, and the required certifications and acknowledgments.
Classification Codes
Smart Codes
Specifications
Timeline
Requirements
- Errors and omissions insurance — $1,000,000.00
- Minimum 5 references
- Within the last 3 years
- Client point of contact required for each reference
Documents
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