This bid is for actuarial consulting services supporting municipal pension plans in Dauphin County and throughout Pennsylvania.
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What the job is
Term and scale: Five years; approximately 721 defined benefit plans and 346 cash balance plans, with estimated annual growth of 1%.
Valuations and reporting: Annual system-wide valuations for 2027–2031, biennial defined benefit plan valuations, approximately 1,060 annual GASB 68 reports, composite GASB 67 reporting, and pension funding certifications.
Experience study: One five-year study covering 2024–2028, due June 30, 2030.
Consulting: Approximately seven meetings annually, including one two-day meeting; reserve and actuarial assumption reviews; responses to inquiries within 36 hours.
Modeling: Web-based tools for projecting liabilities, assets, contributions, and benefit changes under multiple scenarios.
Pricing: Include hourly rates for special projects and separate pricing for optional plan cost studies, completed within 30 business days of receiving data.
XL Eagle