Actuary ServicesNEW!

Agency: City of Longmont
State: Colorado
Level of Government: State & Local
  • R - Professional, Administrative and Management Support Services
Opps ID: NBD10598106068311793
Posted Date: Oct 5, 2017
Due Date: Oct 31, 2017
Solicitation No: RFP-VS-17064
Source: Members Only
Actuary Services
  • Department: Finance
  • Category: Request for Proposals (RFP)
  • RFP Number: RFP-VS-17064
  • Start Date: 10/05/2017 8:00 am
  • Close Date: 10/31/2017 3:00 pm

The City of Longmont is soliciting proposals for comprehensive pension actuarial services. The principal duty, function and responsibility of the actuary is to act in the capacity of pension actuary to the retirement boards for the purpose of administering the retirement plans. The actuary is expected to calculate plan liabilities, the value of plan assets, and the plans funded status at a point in time. The actuary should combine demographic and economic information about plan participants with benefit provisions and actuarial assumptions to calculate the amount of money that needs to be contributed to the plans to fund them over a reasonable period. Actuarial valuations should provide the information required for accounting and financial reporting purposes by the Governmental Accounting Standards Board (GASB).

RFP-VS-17064 Actuary Services


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