ITB 20251972 ACTUARIAL SERVICES FOR PENSION PLAN

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.