ITB 20251972 ACTUARIAL SERVICES FOR PENSION PLAN

Location: Kentucky
Posted: Oct 20, 2025
Due: Nov 7, 2025
Agency: The Transit Authority of River City
Type of Government: State & Local
Category:
  • R - Professional, Administrative and Management Support Services
Solicitation No: ITB 20251972
Publication URL: To access bid details, please log in.
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.


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