Notice Details

The New York City Office of the Comptroller “Comptroller”, on behalf of The City of New York (City), is releasing this Request for Proposals (RFP) in order to invite qualified actuarial firms to submit a proposal to provide actuarial experience studies and related review services. Section 96 of the New York City Charter requires that the Comptroller with the approval of the City's Audit Committee select an independent actuary to review the actuarial assumptions used to calculate contributions to the five (5) actuarially-funded City retirement systems. The contract resulting from this RFP is expected to have a term of four (4) years covering two (2) consecutive engagements covering two (2) biennial periods.

All qualified and interested firms are advised to register to download the Request for Proposal from the Comptroller's website, https://comptroller.nyc.gov/services/for-businesses/doing-business-with-the-comptroller/rfps-solicitations/ which fully describes the scope of work, minimum requirements and how to participate. To download the Request for Proposal (RFP), select "RFPs and Solicitations" then select " Actuarial Audit of Employee Contributions for Fiscal Year 2024 and Fiscal Year 2026, Experience Studies of Data Through June 30, 2023 and June 30, 2025, and Related Review Services". Questions about the Request for Proposal should be transmitted by email to Alison MacLeod at opportunity@comptroller.nyc.gov.

This Procurement is subject to participation goals for MBE and/or WBE as required by Section 6-129 of the New York City Administrative Code.