Public Pension Actuarial Services

The City of Cambridge Retirement Board is seeking an actuarial consultant to perform public pension valuations, assess the Cambridge Retirement System's assets and contributions, and develop an appropriate funding schedule.

City of Cambridge > Cambridge Retirement System


General
Open
Oct 13, 2026 09:00 PM
Request for Proposal (RFP)
Local
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Original Solicitation Links
Contact
cburns@cambridgeretirementma.gov
+16178683401
Description

The Cambridge Retirement Board is seeking proposals from qualified actuarial firms to provide full actuarial valuations of the Cambridge Retirement System, review whether system assets and contributions are sufficient to provide prescribed benefits under Massachusetts law, and develop an appropriate funding schedule. The consulting actuary must be an Enrolled Actuary, a member of the American Academy of Actuaries, or an Associate or Fellow of the Society of Actuaries, and must be qualified to perform actuarial valuations of public pension plans. The Board prefers vendors with at least three years of relevant experience. The retirement system has approximately $2.1 billion in assets under management and approximately 5,769 participants.

Classification Codes
NAICS524292Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds
PSCR505STUDY/COST BENEFIT
Smart Codes
pension actuarial servicespublic pension valuationpension funding analysis
Specifications
Service Only
Timeline
Oct 13, 2026 09:00 PM-Proposal Deadline
Requirements
Informational
Documents
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