Request for Proposals
New Bedford Contributory Retirement System
Leonard F. Baillargeon, Elected, Chairman
James Kummer, Elected
Quillan Lowney, Ex Officio
Angela i'vl. Natho, Appointed
Christopher T. Saunders, Esq., Appointed 5th member
REQUEST FOR PROPOSALS (RFP)
ACTUARIAL SERVICES
The New Bedford Contributo1y Retirement Board is seeking proposals from qualified vendors to provide actuarial services to include full actuarial valuations and reports and disclosure information as required by the Government Accounting Standards Board (GASB) Statements No. 67 & 68.
The RFP for actuarial services may be obtained by contacting our office by email at ecohen@newbedfordretirement.org.
The consulting actuaiy to the Board must be an Enrolled Actuaiy, a member of the American Academy of Actuaries, or an Associate or Fellow of the Society of Actuaries. The actuaiy must be qualified to perform actuarial valuations of public pension plans.
The System has approximately $515 million in assets. For information regarding the System, visit the Board's website at, w,-vw.newbedfordretirement.org.
All contracts entered by the New Bedford Contributo1y Retirement Board are subject to the provisions of the Massachusetts General Laws, Chapter 32, Section 23 as amended by Chapter 176 of the Acts of 2011, and the rules and regulations of the Public Employees Retirement Administration Commission (PERAC), 840 CMR. The selected vendor must have familiarity and agree to comply with all applicable laws and PERAC regulations, (www.mass.gov/perac).
The Board reserves the right to cancel or reject in whole or part any or all proposals in the best interest of the System.
As explained in the referenced RFP, any questions regarding the proposal may be directed by email to Eric Cohen, Executive Director - ecohen(a),ne,vbedfordretirement.org
Proposal deadline is Monday Januaiy 31, 2025 at 2:00 pm (EST). Late proposals will not be accepted.
| Date published: | January 6, 2025 |
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