New York City Office of Management and Budget has issued an RFP for an actuary to provide “consultation and advice on issues associated with the maintenance, operation, accounting and funding” of the $137 billion New York City Retirement Systems, according to the RFP.
The chosen firm also will “determine the budgetary impact on the city's pension expenses,” the RFP said. “Such budgetary issues typically include analyzing economic and demographic factors, the actuarial tables, investment policy and accounting methods.”
The contract is expected to take effect Jan. 1. It will run for three years, with a pair of one-year renewals to be determined by the Office of Management and Budget, according to the RFP.
Proposals are due at 3 p.m. EDT Sept. 16. They should be sent to Michelle Rolon, contracting officer, New York City Office of Management and Budget, 255 Greenwich St., 8th Floor, New York, NY 10017. Details are available on the city's website.
Julie Wood, a spokeswoman for Mayor Michael Bloomberg, did not return a call by press time.