Post-Employment Benefit Valuations and Actuarial Consulting Services

Overview

Financial, Legal, HR & Staffing

Sacramento, California, United StatesPosted about 2 months agoDeadline: April 21st, 2026

Fit Score

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SUMMARY

The State of California seeks actuarial consulting services for post-employment benefit valuations, including comprehensive reporting and presentations to key government stakeholders.

KEY REQUIREMENTS

BUDGET

Verified

$1,344,800

CONTRACT DURATION

36 months

TIMELINE

RFP Available to Prospective Proposers: March 11th, 2026

Written Questions Submittal Deadline: March 16th, 2026

Written Questions & Answers Released: March 20th, 2026

Final Date for Proposal Submission: April 21st, 2026

Evaluation of Proposals: April 22nd, 2026 through May 6th, 2026

Interviews: May 11th, 2026 through May 13th, 2026

Notice of Intent to Award: May 13th, 2026

Proposed Award Date: May 21st, 2026

Agreement Begins: July 1st, 2026 or upon DGS approval, whichever is later

QUESTION DEADLINE

March 17th, 2026

Issuing Agency

State Controller's Office

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DESCRIPTION

A government authority in California is seeking a contractor to provide post-employment benefit valuations and actuarial consulting services. The selected firm will conduct actuarial valuations, including calculations of funding costs under a full-funding policy, and prepare detailed accounting reports with actuarial calculations. Responsibilities include gathering, analyzing, and reporting data on prefunding options, assumptions, and economic factors, as well as responding to auditor inquiries.

The contractor will also provide consulting services, analyze and interpret reports, and present findings and underlying assumptions to various stakeholders such as the Controller, Department of Finance, and the Legislature. Additional duties include advising on federal legislative and regulatory developments affecting agency benefit plans, providing actuarial certifications and technical documentation signed by the Principal Actuary, and ensuring all deliverables adhere to actuarial protocols with thorough reviews for accuracy. The contract period is for one year.

Source attribution

This Settle analysis is based on the issuing organization’s public RFP listing.