Actuarial Services

This solicitation seeks a single‑award contract for comprehensive actuarial consulting services covering Metro’s pension, health, and other post‑employment benefit (OPEB) plans. The contractor must provide annual pension valuations, GASB disclosures, contribution‑rate recommendations, QDRO support, health‑plan actuarial analyses (including IBNR calculations), OPEB valuations, and maintain a secure EDP/EDI environment compliant with HIPAA and AICPA standards. Additional responsibilities include database maintenance for terminated vested members, regular reporting to the Board and various committees, and on‑site attendance at Board meetings. The contract term is up to five years, beginning on or about 23 Nov 2026, with the award decided by lowest cost among technically responsive proposals. The winning vendor, USI Consulting Group, Inc., was awarded the contract with a total bid of $961,600. • Full‑range actuarial services for pension, health, and OPEB programs • Mandatory HIPAA‑compliant data‑security and disaster‑recovery infrastructure • Annual deliverables: pension valuations, GASB disclosures, contribution recommendations, health‑plan rate setting, OPEB valuations • Required in‑person participation at Board/Committee meetings and QDRO support