Request for Proposal to Provide Actuarial Services
The Marlborough Retirement System (“System”) is seeking proposals from qualified Actuaries and Actuarial Service providers to conduct a full actuarial valuation and review of the system to determine if assets and contributions are sufficient to provide prescribed benefits under Massachusetts General Laws Chapter 32 and Chapter 34B, Section 19, as well as to provide appropriate bi-annual funding schedules pursuant to Massachusetts General Laws Chapter 32. Assets of the Marlborough Retirement Board are valued at $216 million in assets as of 12/31/2024.
The successful proposer should be experienced preparing GASB Statements Nos. 67 and 68 Accounting Valuation Reports and will also advise the Retirement System regarding matters that impact the actuarial funding schedule required by Massachusetts General Laws Chapter 32.
The Board reserves the right to cancel or reject in whole or part any or all proposals in the best interest of the Marlborough Retirement System.
Receiving Copies of the RFP: in order to receive a copy of this RPF you must contact:
Mark S Bingle, Director, 289 Elm St, Suite 111, Marlborough, MA 01752, P- 508-460-3760 ext. 3, email mbingle@marlborough-ma.gov or retirement@marlborough-ma.gov
The RFP may be picked up at the Board’s office or emailed at no charge. The Board’s regular business hours are Mon – Fri 8AM-4PM. The RFP will be sent via U.S. mail upon request and upon receipt of a certified check or cash in the amount of $25.00.
Proposal deadline is Tuesday, November 18, 2025, at 4:00 PM. EST. Late Proposals will not be accepted.
| Date published: | October 30, 2025 |
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