Project Information

Bid Title

ITB 20251972 ACTUARIAL SERVICES FOR PENSION PLAN

Issuing Agency

The Transit Authority of River City

Location

Kentucky

Published Date

Oct 20, 2025

Closing Date

Nov 7, 2025

Government Level

State & Local

Status

Closed

Ref. #

ITB 20251972

Original Source

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Project Description

Project: ITB 20251972 ACTUARIAL SERVICES FOR PENSION PLAN

Ref. #: ITB 20251972

Type: ITB

Status:

Open

Open Date: Oct 20th 2025, 2:00 PM EDT

Intent to Bid Due Date: Nov 6th 2025, 2:00 PM EST

Questions Due Date: Oct 27th 2025, 2:00 PM EDT

Close Date: Nov 7th 2025, 9:00 AM EST

BOARD MEETINGS:

12/16/2025

Project Description: The Transit Authority of River City (TARC) is seeking quotes from qualified actuarial firms to conduct an actuarial valuation and prepare a formal actuarial report for one of its defined benefit pension plans. This plan provides retirement benefits to eligible employees and has been closed to new entrants since September 1, 1991. The selected Contractor will provide professional actuarial services to ensure accurate valuation of the plan’s financial position, compliance with applicable laws and standards, and timely support of the Authority’s financial reporting and funding obligations
TARC anticipates awarding a contract for a term of five (5) years, at the sole discretion of the Authority and subject to the availability of funding and satisfactory Contractor performance.

Commodity Codes

• NAICS 541611Administrative Management and General Management Consulting Services
• NAICS 541612Human Resources Consulting Services

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