City of Marietta

The buyer is seeking actuarial services for its Pension Board. The selected firm will perform biennial actuarial valuations, determine funding requirements, provide disclosure information, and conduct actuarial analyses. The contract includes quarterly meetings, phone consultations, and evaluation of legislative proposals. The buyer requires a firm with experience in public pension plans and adherence to accepted actuarial procedures.

• 2/11/2025 - Proposal Opening
• 2/11/2025 - Proposal Due Date

• Experience providing services as consulting actuary to public pension plans offering defined benefits
• Ability to perform services according to generally accepted actuarial procedures

• Perform biennial actuarial valuation
• Determine funding requirements and status
• Provide GASB Statement No. 25 & 27 disclosure information
• Develop 10-year forecast of contributions, disbursements and funded status
• Conduct actuarial experience analysis
• Attend quarterly meetings and provide phone consultations
• Evaluate actuarial effect of legislative proposals
• Prepare annual valuation report for auditors