Government Contract | California
Actuarial Services

Bid Information


Bid Alert No: 00000486071

Bid Title: Actuarial Services

Agency Bid No. Title: 5000000562

Received Date: 02/16/2016

Close Date: 04/08/2016

Purchase Type: 10/1/16-9/30/17

Delivery Point:

Delivery Date: Not Stated

Special Notices: Pre-Bid Conference Optional 02/22/2016 11:00 AM, Questions Due By 02/29/2016 03:00 PM

Specifications

Specifications include, but are not limited to:All services performed by the Contractor will be under the direction of and approved by the System Actuary, or designee; any reference to the System Actuary will mean the System Actuary or designee. Actuarial Services may include, but are not limited to, the following: A. EXPERIENCE ANALYSES SERVICES 1. The Contractor shall perform Experience Analyses for the Defined Benefit (DB), Defined Benefit Supplement (DBS), Cash Balance (CB) Benefit, and Medicare Premium Payment (MPP) Programs and the Supplemental Benefit Maintenance Account (SBMA), separately unless otherwise indicated below, based on data as of June 30, 2018, or based on data as determined by the System Actuary or designee when required or requested, as appropriate, to include, but not limited to, the following: a. A study of non-economic assumptions including, but not limited to, rates of withdrawal and return, service retirement rates, growth in membership, progression and promotion salary scales, pre-retirement and post-retirement mortality, disability, and termination from disability; b. A study of economic assumptions including, but not limited to, consumer price inflation, wage inflation, investment yield and administrative expenses. A study of the minimum interest rate, Additional Earnings Credits, and Additional Annuity Credits for CB Benefit and DBS Programs only; and

Bid Related Documents

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Product Code: 94612

Agency Information


Issuing Agency: State of California - Teachers' Retirement System State

State: California

Agency Type: State and Local

Contact: Dora Chandler

Email: dchandler@calstrs.com

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