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Actuarial Audit Services for State-Administered Retirement Systems

Overview


Financial, Legal, HR & Staffing
Frankfort, Kentucky, United StatesPosted: October 3, 2026Deadline: October 30, 2026

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SUMMARY


The government authority is seeking an actuarial firm to perform Level 1 full-scope audits of fiscal year 2026 valuations and recent experience studies for state-administered pension, health insurance, and life insurance systems.

KEY REQUIREMENTS


TIMELINE


Release of RFI: October 2nd, 2026

Written Questions due by: October 12th, 2026

Anticipated LRC Response to Written Questions: October 19th, 2026

Proposals Due by: October 31st, 2026

Draft report submission: April 30th, 2027

Final report submission: May 31st, 2027

Presentation to PPOB: July 31st, 2027

QUESTION DEADLINE


October 12, 2026

CONTACTS


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

Additional decision-makers and their departments

Issuing Agency


Legislative Research Commission

Organization overview and procurement intelligence available on paid plans.
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DESCRIPTION


The issuing government authority seeks information from qualified vendors capable of providing actuarial audit services for its state-administered retirement systems. The engagement will cover pension, health insurance, and life insurance system funds.

The selected audit actuaries will conduct a Level 1 full-scope audit of the actuarial work performed by the plan actuaries for the fiscal year 2026 annual valuation and the most recent experience study for each system. Responsibilities will include collecting necessary data, communicating with the systems, and performing other tasks required to complete the audits.

The audit actuaries will prepare and present a final written report summarizing the actuarial audit and evaluating the reliability of each system's actuarial assumptions and methods.

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Frequently asked questions


When is the submission deadline?
Submissions are due October 30, 2026. Questions must be submitted by October 12, 2026.
Who issued this RFP?
It was issued by Legislative Research Commission. The work is located in Frankfort, Kentucky, United States.
Who is a good fit for this opportunity?
  • Actuarial consulting firm with expertise in public-sector retirement systems
  • Demonstrated experience auditing pension, health insurance, and life insurance valuations
  • Qualified actuaries experienced in full-scope actuarial reviews and experience studies
  • Strong capabilities in actuarial assumptions, methodologies, data analysis, and audit reporting
  • Ability to communicate findings to government retirement system stakeholders

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