Project Information

Bid Title

Actuarial Services

Issuing Agency

City of Orlando

Location

Florida

Published Date

Aug 14, 2025

Closing Date

Aug 29, 2025

Government Level

State & Local

Status

Closed

Original Source

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Bid Inquiries

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Bid Documents

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Project Description

Project ID:

Title: Actuarial Services

Addenda: 3

Release Date: 7/16/2025

Due Date: 8/29/2025

Post Information

Posted At:Wed, Jul 16, 2025 3:27 PMSealed Bid Process:Yes (Bids Sealed / Pricing Sealed)Private Bid:No

Overview

Summary

The City of Orlando’s Procurement and Contracts Division, is soliciting proposals for professional actuarial services for the City of Orlando General Employees’ Pension Plan by the General Employees’ Pension Board (hereinafter referred to as the "Board") and the City of Orlando (hereinafter referred to as the “City”) for valuation services related to accrued employee benefits. This Request for Proposal is NOT being conducted for the City’s Police Officers or Firefighters’ Pension Plans. The valuation services contemplated for the City involve determining costs and alternative funding strategies for post-retirement health care benefits. The services for the Orlando General Employees’ Pension Plan, as well as the City, should each be considered a separate engagement. The preference is that the Board and the City be served by one (1) actuarial consultant or firm, but the right is reserved to hire two consultants. Therefore, we request that separate quotes be provided for each engagement. Additional information regarding the City’s Annual Comprehensive Financial Report (ACFR) can be found via the website https://www.orlando.gov/Our-Government/Records-and-Documents/Financial/Annual-Comprehensive-Financial-Report and pages referenced in Exhibit “2,” Orlando General Valuation and Exhibit "3", OPEB Valuation, for ACFR REFERENCES.

Background

The City of Orlando is located in the approximate center of the State of Florida and is a 138 square mile area that covers a total of 76,160 acres. With its central location in the region and the State, Orlando is easily accessible from Interstate 4, Florida Turnpike, East/West Expressway and the Beachline Expressway.

The Mission of the City of Orlando is to "Enhance the quality of life in the City by delivering public services in a knowledgeable, responsive and financially responsible manner."

Timeline

Release Project Date:

July 16, 2025

Question Submission Deadline:

August 8, 2025, 5:00pm

Proposal Submission Deadline:

August 29, 2025, 2:00pm

JOIN THE VIRTUAL PROPOSAL OPENING.
Online:https: https://teams.microsoft.com/l/meetup-join/19%3ameeting_NDE4YTA1ZTYtMjcyMi00ZGI5LWFkYmEtNmNhZmVmYjFjZTA1%40thread.v2/0?context=%7b%22Tid%22%3a%227594da9b-294b-4acf-913b-d159ae921564%22%2c%22Oid%22%3a%2267b536ad-34cb-46e2-afe9-a0f9f437bd65%22%7d
Or, call into the virtual meeting by dialing this phone number: +1 321-247-7568
Once dialed-in and prompted, enter the Conference ID: 217 434 056 277
Passcode: mE7Sn9oE

Commodity Codes

• NAICS 541612Human Resources Consulting Services

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