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City of Tacoma – RFP – TERS’ Actuarial Audit – RE19-0110F

Due Date: April 16, 2019 11:00 AM

Pre-Proposal Meeting: A pre-proposal meeting will not be held.

Project Scope: This Request for Proposal (“RFP”) is issued by the Tacoma Employees’ Retirement System for the purpose of hiring an actuarial firm (“Auditing Actuary”) to perform an independent actuarial audit and evaluation of actuarial services provided to the System by its current actuarial consultant, Milliman, Inc. (Milliman).The purpose is to provide an evaluation sufficient to allow the Auditing Actuary to express an actuarial opinion regarding the reasonableness and accuracy of valuation results, actuarial assumptions, and actuarial methods in accordance with generally recognized and accepted actuarial principles and practices. The successful respondent will perform a complete replication of the January 1, 2019 Actuarial Valuation. This engagement must be completed as specified under the Scope of Work.The award of the contract will be determined on the basis of demonstrated competence and qualifications to perform the required audit work for reasonable compensation.

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