The New York City Office of the Actuary invites qualified firms to submit proposals to provide Other Postemployment Benefits (OPEB) valuation and actuarial consulting services. The selected proposer will be required to provide the OA with these services effective April 1, 2018.
Please click here to view the full Request for Proposal (RFP). Due date for submissions is January 4th, 2018.
A pre-proposal conference will be held on Wednesday, December 6th, 2017 at 10:00 a.m. at the Office of the Actuary, 255 Greenwich Street, 9th Floor, New York, New York . Further details on the pre-proposal conference and how to RSVP can be found in the RFP.
Click below to view several documents that provide data and general information to assist those interested in responding to this RFP. The additional information includes: an actuarial experience study for NYCRS; employer pension contributions and projections for NYCRS (2019 through 2022); a previous actuarial consulting contract of the OA; and responses to questions proposed at the pre-proposal conference.
Please click here.
The NYCOA is committed to recruiting, developing, and retaining a diverse and inclusive workforce which reflects the City’s communities and neighborhoods. The NYCOA values diversity of thought and background.
Actuaries are business professionals who measure and manage the financial consequences of risk. Using mathematics, statistics and financial theory to study uncertain future events, like those related to insurance and pension programs, actuaries evaluate the likelihood of those events to determine ways to reduce them and decrease the impact of those that actually occur.
To learn more about what an actuary is, what an actuary does, and the profession itself, we encourage you to visit the Be An Actuary website.
At this website you will learn about the field of actuarial science, degree programs to become an actuary, actuarial exams to build credentials and a career path, and job and career switch opportunities available in the field.