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Advisory board to issue RFP for actuarial services, will present proposals in August
Summary
Board members discussed alternatives for actuarial services and decided to prepare a Request for Proposal to be presented at the Police Pension Advisory Board meeting on August 6, 2026.
Board members discussed alternatives to the current actuarial service provider and decided to prepare a Request for Proposal (RFP) for actuarial services. The RFP will be prepared and presented to the Police Pension Advisory Board at the next scheduled meeting on Thursday, August 6, 2026.
The move to issue an RFP was recorded as a direction to staff to develop procurement materials; no final contract award or vendor selection occurred at this meeting. The RFP will allow the board to solicit competing actuarial proposals ahead of the next valuation and to compare service scopes and fees.
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