Government Contract | Pennsylvania
Actuarial Services

Bid Information

Bid Alert No: 00000400159

Bid Title: Actuarial Services

Agency Bid No. Title: 15-00118-ARLW

Received Date: 10/23/2015

Close Date: 11/19/2015

Purchase Type: Not Stated

Delivery Point: Pennsylvania

Delivery Date: Not Stated

Special Notices: Bidder Preregistration


Specifications include, but are not limited to: SEPTA sponsors five Defined Benefit Pension Plans plus a Deferred Compensation 457 B Plan. The Actuary is called upon to price out the annual contribution, provide annual reports, cost out any changes, participate in union negotiations, and provide on-site help in the administration of the plans. The contract will be for five years starting December 1, 2016. SEPTA requires actuarial services for both the Annual Pension Valuation Services and for General Actuarial Consulting Services. The Annual Pension Valuation Services are recurring yearly functions and are priced accordingly. The General Actuarial Consulting Services are performed on an as needed basis and are not guaranteed. SEPTA has over 14,000 pension plan participants (including 9,300 employees). 1,200 of the employees are covered by Railroad Retirement the rest (8,100 employees) are covered by Social Security and the five pension plans. Please note that the Actuary will only perform task assignments for the General Actuarial Services subsequent to a written task authorization request with the estimated number of hours by level of professional experience and expenses, negotiated and agreed to by the Senior Director of Human Resources Employee Services

Bid Related Documents

Download Document

Bid Related Attachments

Download Attachment


Download Amendment

Product Code: 94612

Agency Information

Issuing Agency: Southeastern Pennsylvania Transportation Authority (SEPTA)

State: Pennsylvania

Agency Type: State and Local

Contact: Rebecca L. Ware 1234 Market Street, 11th Floor, Philadelphia, Pennsylvania, 19107

Phone: 215-580-8325




FREE Market Analysis

Get a FREE 90-Day Market Analysis and see the bids you’ve been missing