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Actuarial Audit Services Employes’ Retirement System of the City of Milwaukee

Overview


Financial, Legal, HR & Staffing
Milwaukee, Wisconsin, United StatesPosted: October 7, 2026Deadline: December 10, 2026

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SUMMARY


The Wisconsin Legislative Audit Bureau is seeking a qualified actuarial firm to perform an independent actuarial audit of the City of Milwaukee Employes' Retirement System, including a full replication of the January 1, 2028 actuarial valuation and a review of the five-year experience study for the period 2022-2026.

KEY REQUIREMENTS


BUDGET

Estimate

$100,000 – $250,000

TIMELINE


October 7th, 2026: Issuance of RFP

November 3rd, 2026: Deadline for written questions

November 10th, 2026: Responses to vendor questions

November 17th, 2026: Deadline for follow-up questions

November 23rd, 2026: Responses to follow-up questions

December 10th, 2026: Proposals due

February 2027: Estimated notification of intent to award and contract award

September 8th, 2028: Final report submission deadline

QUESTION DEADLINE


November 3, 2026

CONTACTS


Primary procurement contact — name, title, email, and phone

Additional decision-makers and their departments

Issuing Agency


Wisconsin Legislative Audit Bureau

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DESCRIPTION


The audit includes verification and analysis of assumptions, procedures, and methods used by the consulting actuary for the January 1, 2028 actuarial valuation, a review of the five-year experience study (2022-2026), and an assessment of data validity, valuation methods, and actuarial assumptions. The final report is due by September 8, 2028.

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Frequently asked questions


When is the submission deadline?
Submissions are due December 10, 2026. Questions must be submitted by November 3, 2026.
What is the budget for this RFP?
Settle estimates the budget at $100,000 – $250,000. The issuer has not published an official figure.
Who issued this RFP?
It was issued by Wisconsin Legislative Audit Bureau. The work is located in Milwaukee, Wisconsin, United States.

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