Actuarial Services Consultant - 9166390

The State Employees Retirement System in USA from Americas region had released this tender for THIS SOLICITATION MUST BE VIEWED IN JAGGAER PROPOSAL SUBMITTALS WILL ONLY BE ACCEPTED ELECTRONICALLY THROUGH JAGGAER All Offerors are required to create a user profile within the Commonwealth s JAGGAER portal SERS is required by the State Employees Retirement Code 71 Pa C S 5101 et seq to have an actuary make an annual valuation of the State Employees Retirement Fund Fund consisting of both the Defined Benefit Plan and the Defined Contribution Plan within six months of the end of each calendar year However SERS practice is to expedite this process to occur within four months of the end of each calendar year SERS is also responsible for administering the Benefits Completion Plan BCP established as a Qualified Governmental Excess Benefit Arrangement in accordance with Internal Revenue Code IRC Section 415 m to provide benefits that would have otherwise been limited by IRC 415 b Enabling legislation for the BCP was enacted in December 2002 an IRC Private Letter Ruling was received in December 2003 and the first payments were made in July 2004 Although the Fund and the BCP are separate and distinct trusts SERS employers are assessed one overall contribution rate which is the combination of two rates The contractor will be required to make an annual valuation for the BCP within four months of the end of the calendar year The SERS actuary also assists in providing annual stress testing reports on behalf of SERS to the Independent Fiscal Office and provides actuarial cost notes for specific legislation as requested by the Independent Fiscal Office and legislative sponsors Every five years SERS is required to conduct an actuarial investigation and experience study of the Fund based on data including the mortality service and compensation experience during the preceding five years concerning members annuitants and beneficiaries The next experience study covered by this contract will be for the time-period January 1 2025 through December 31 2029 In addition to the above requirements SERS expects the Contractor to accomplish all other desired services as described which includes actuarial services and pension plan consulting services in such areas as strategic planning benefit calculations communications plan design and human resource issues with tender notice no. SERS RFP 25-013 published on 27 Aug 2025. The tender expired on 02 Oct 2025. This tender is sourced from E Marketplace PA and is eligible for suppliers interested in consultancy services. Interested bidders can obtain further information including complete bid documents or ways to participate by registering on Tender Impulse and referencing via Tender Impulse ID 9166390.

*The deadline for this tender has passed.

Tender Notice No:

SERS RFP 25-013

Tender Organisation:

State Employees Retirement System

Tender Sector:

Tender Service:

Worldwide

Tender Region:

Tender Country:

USA

Tender CPV:

79416202 : consultancy services

Tender Source:

E Marketplace PA

Tender Document Type:

Tender Notice

Tender Description:

THIS SOLICITATION MUST BE VIEWED IN JAGGAER PROPOSAL SUBMITTALS WILL ONLY BE ACCEPTED ELECTRONICALLY THROUGH JAGGAER All Offerors are required to create a user profile within the Commonwealth s JAGGAER portal SERS is required by the State Employees Retirement Code 71 Pa C S 5101 et seq to have an actuary make an annual valuation of the State Employees Retirement Fund Fund consisting of both the Defined Benefit Plan and the Defined Contribution Plan within six months of the end of each calendar year However SERS practice is to expedite this process to occur within four months of the end of each calendar year SERS is also responsible for administering the Benefits Completion Plan BCP established as a Qualified Governmental Excess Benefit Arrangement in accordance with Internal Revenue Code IRC Section 415 m to provide benefits that would have otherwise been limited by IRC 415 b Enabling legislation for the BCP was enacted in December 2002 an IRC Private Letter Ruling was received in December 2003 and the first payments were made in July 2004 Although the Fund and the BCP are separate and distinct trusts SERS employers are assessed one overall contribution rate which is the combination of two rates The contractor will be required to make an annual valuation for the BCP within four months of the end of the calendar year The SERS actuary also assists in providing annual stress testing reports on behalf of SERS to the Independent Fiscal Office and provides actuarial cost notes for specific legislation as requested by the Independent Fiscal Office and legislative sponsors Every five years SERS is required to conduct an actuarial investigation and experience study of the Fund based on data including the mortality service and compensation experience during the preceding five years concerning members annuitants and beneficiaries The next experience study covered by this contract will be for the time-period January 1 2025 through December 31 2029 In addition to the above requirements SERS expects the Contractor to accomplish all other desired services as described which includes actuarial services and pension plan consulting services in such areas as strategic planning benefit calculations communications plan design and human resource issues

Tender Bidding Type:

Publish Date: 27 Aug 2025

Deadline Date: 02 Oct 2025

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  • More than 15 days to go

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Common Questions About This Tender

  • Who has issued this tender, and what is it for?

    The tender has been issued by State Employees Retirement System in USA. Such a type of tender falls under consultancy services, within the Management Consultancy Tenders sector, and is listed on Tender Impulse under notice number SERS RFP 25-013.

  • What are the key dates for this tender?

    The notice was published on 27 Aug 2025 and submissions close on 02 Oct 2025. Late bids are rarely accepted in public procurement, so aim to have your documents ready several days before the closing date.

  • Which CPV codes apply to this tender?

    It is classified under CPV codes 79416202, which correspond to consultancy services. If your company supplies these products or services, these are the codes to save in your alert profile so no matching tender passes you by.

  • Can I submit my bid for this tender to Tender Impulse?

    No - and this matters. Tender Impulse is a tender aggregation and alert service: we collect procurement notices from official sources around the world and list them in one place. We do not receive, forward or evaluate bids. Your bid for this tender must be submitted directly to State Employees Retirement System, using the method described in the original tender document, before 02 Oct 2025. Tender Impulse provides complete assistance in submitting all bids posted on its website.

  • How do I get the bid documents and participation details?

    Request a live demo on Tender Impulse and our tender experts will walk you through this listing, share the available documents, and explain how to submit your bid to State Employees Retirement System. Subscribers also receive help with registration requirements and, where needed, translation of non-English notices - but the submission itself always goes from you to the buyer.

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    There are currently 16559 live tenders of 603692 total tenders from USA on Tender Impulse. You can browse them on our USA tenders page, or save a search combining USA with CPV codes {full_cpv_codes} - we will then email you every new match on the day it is published.

  • How to prepare for this bid?

    Suppliers must verify technical specifications, the delivery schedules and any other intrinsic details as provided in the complete bid documents before deciding to submit their bids. All necessary certifications and supplier registrations must be undertaken before participation.

  • Is this tender beneficial for me?

    The procurement is applicable to companies in the consultancy services and related industries. If you belong to this industry, you can review the technical documents before assessing your relevance to your company.

  • What is the Procurement trend for Actuarial Services Consultant?

    The public procurement trends for Actuarial Services Consultant can be assessed by viewing historical data and buying patterns for this product. Subscribed members can view and even download reports of tenders released in the past for their market research. This shall allow them to carefully prepare a compelling bid.

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