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Public Pension RFP Roundup

Brought to you by NCPERS for June 2024
Public Pension RFP Roundup

NCPERS regularly highlights the latest RFPs and RFIs in the public pension industry on behalf of its members. Find our latest roundup of job listings, hiring, and retirement announcements here. If your organization has an RFP/RFI for inclusion, please submit all relevant information to membership@ncpers.org for consideration. 

State Teachers Retirement System of Ohio
With assets of $92.8 billion (including short-term investments) as of June 30, 2023, STRS Ohio is one of the largest public pension funds in the country. The STRS Ohio Retirement Board (“Board”) issues this Request for Proposals (“RFP”) to solicit competitive proposals from qualified board governance consultants. The Board's objective is to obtain a Consultant that represents the best quality and value for STRS Ohio according to the terms and conditions of this RFP. The services and requirements described in this RFP are mandatory unless specifically described as optional. 

To be considered, proposals must arrive via e-mail to GovernanceRFP@strsoh.org no later than June 28, 2024 by 5:00 PM Eastern time. 

American Samoa Government Employees' Retirement Fund
The American Samoa Government Employees' Retirement Fund (ASGERF) seeks proposals from firms experienced in performing actuarial valuations and to provide actuarial consulting services for its governmental Defined Benefit (DB) Plan.  The selected firm will be required to perform an annual valuation of the plane with a certification letter of funding requirements and a 30-year projected funding status, which will be presented to the ASGERF Board of Trustees.  The selected firm will also be tasked with performing an experience study, covering a 5 year period.  The firm will provide recommendations to the ASGERF Board of Trustees regarding its actuarial assumptions following the completion of the study.  In addition, the selected actuary will also provide actuarial consultation and advice on specific technical, policy, or administrative issues identified by ASGERF management or the ASGERF Board of Trustees. Such consultation and advice shall be rendered through periodic meetings, routine telephone consultations, and correspondence as required by ASGERF. Throughout the duration of the contract, the consulting actuary will inform ASGERF of any new developments in the retirement industry and their effect on the financing and benefit structure of a retirement system.  The consulting actuary will keep the Board and the ASGERF management apprised of current trends and advancements within the actuarial profession.  In addition, the firm will develop and provide actuarial tables and factors for the calculation of benefits provided under the plan and prepare GASB-67 and GASB-68 reporting information for the plan administered by ASGERF.

Interested firms should e-mail Caroline Wendt, Assistant Executive Director, at caroline@asgerf.as for a copy of the RFP document.  Responses are then due on August 23, 2024, at 4:00 pm Samoa Standard Time.  Please respond by sending one proposal to Caroline Wendt, Assistant Executive Director, caroline@asgerf.as.

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