Financial Audit of Public Employees Retirement System (PERS)

The State of Oregon is seeking proposals for financial audit services of the Public Employees Retirement System (PERS). The selected contractor will be responsible for conducting annual audits of PERS' financial statements, including the pension employer schedule and OPEB employer schedules. The contract is anticipated to be 5 years with options to renew up to a cumulative maximum of 8 years. • The audit services will include annual audits of the financial statements, the pension employer schedule, and the OPEB employer schedules of PERS. • The contractor will also be required to audit the Schedule of Employer Allocations and the Schedule of Pension Amounts by Employer relating to the cost-sharing multiple-employer pension plan. • The contractor will be required to provide financial documentation and independent auditor's reports on or before a date agreed to by both parties and specified in the contract. • The contractor must have at least 5 years of experience in public accounting, including at least one engagement of a pension plan with assets of at least $3 billion. • The contractor must have 3 current customers of similar size and performing similar financial audit services. • The contractor must be free from personal, external, and organizational impairments to independence and must maintain an independent attitude and appearance.