Actuarial Consulting Services

The Maryland State Retirement Agency is seeking a qualified firm to provide actuarial consulting services, including annual actuarial valuations, experience study and analysis services, and employer valuation services. The selected firm will be responsible for performing all services in accordance with applicable statutes, rules, and actuarial standards of practice. The contract will be for a period of five years, with the option to extend for four additional one-year periods. The agency is looking for a firm with at least five years of experience providing actuarial valuation and pension consulting services for defined benefit public pension plans. Some key responsibilities of the contractor include: • Preparing annual actuarial valuation reports for the State Pool and the combined State and Municipal Pools • Requesting and obtaining necessary participant and financial data from the agency • Reviewing and validating all data for reasonableness and consistency • Submitting deliverables according to a specified schedule • Maintaining the ability to securely accept and transfer data files and documents via password-protected and encrypted emails and attachments The ideal candidate will have a strong background in actuarial science and experience working with defined benefit public pension plans. They will also have excellent communication and project management skills, with the ability to work effectively with the agency and other stakeholders.