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NDPERS RFP Information

This Request for Proposal is soliciting offers to do the actuarial valuation of the North Dakota Public Employees Retirement System (NDPERS) other post employment benefit plan (OPEB) to satisfy the requirement for the Governmental Accounting Standards Board statement 45 for fiscal years ending June 30, 2016 and June 30, 2017.  The following is a sequence of activities for this RFP:

February 17, 2016RFP for consultant services issued
February 29, 2016Questions to RFP due 5:00 p.m.
March 4, 2016Responses to questions posted
March 11, 2016Consultant proposals due at NDPERS office no later than 5:00 p.m. Central Standard Time.
March 17, 2016NDPERS Board Meeting
April 21, 2016NDPERS Board selects consultant no later than this date

The due dates for deliverables on this project are:

May 31, 2016Draft of OPEB valuation report to NDPERS
June 16, 2016Present draft OPEB valuation report to NDPERS Board
July 1, 2016Final OPEB valuation report due

Actuarial & Consulting Services

Retirement Plan Services

This Request for Proposal (RFP) is issued for actuarial and consulting assistance for a twenty-four month period (July 1, 2016 through June 30, 2018).  In addition, the Board intends that the successful bidder will have the opportunity to renew its contract for two subsequent two-year periods if an acceptable agreement can be reached between the contractor and the Board.

Timeline for RFP:

November 1, 2015

RFP for consultant services issued

December 1, 2015

Questions to RFP Due

December 18, 2015

Responses to questions posted

January 15, 2016

Proposals due at NDPERS office no later than 5:00 p.m. Central Standard Time

May 1, 2016

PERS Board award date

Retirement Plan Services RFP

Questions and Answers

Actuarial Valuations