Washington State Department of Retirement Systems, Tumwater, is searching for a firm to provide actuarial audit services for the state's 13 defined benefit plans, said Jilene Siegel, rules and contracts manager, in an email.
The department issued an RFP for a firm to provide biennial actuarial audits for the plans, which have a combined $104 billion in assets, as well as provide an audit of the plans' demographic experience studies and review recent changes to the plans' funding methods.
The plans are the Law Enforcement Officers' and Fire Fighters' Retirement System Plans 1 and 2; Public Employees' Retirement System Plans 1, 2 and 3; Public Safety Employees' Retirement System Plan 2; School Employees' Retirement System Plans 2 and 3; Teachers' Retirement System Plans 1, 2 and 3; and the Washington State Patrol Retirement System Plans 1 and 2.
The Washington State Investment Board, Olympia, oversees the investment management of the plans.
Ms. Siegel said Milliman was the most recent firm to provide these services and the firm is eligible to rebid.
The RFP is available on the state of Washington's procurement website. Registration is required. Proposals are due by 4 p.m. PDT Sept. 25. A selection is expected on Oct. 14.