RFP: Actuarial Consulting and Actuarial Auditing Services Search

The Los Angeles County Employees Retirement Association (LACERA) is requesting proposals from qualified firms interested in providing actuarial consulting and actuarial auditing services.

Scope of Work for Actuarial Consulting Services

LACERA is requesting separate proposals from qualified actuarial services firms to perform actuarial consulting and actuarial auditing services for LACERA’s Retirement Plan and OPEB Program. Although it is LACERA’s intent to contract with one firm to provide actuarial consulting services and a separate firm to provide actuarial auditing services, LACERA encourages qualified firms to submit two (2) proposals, one for actuarial consulting services and another for actuarial auditing services.

The actuarial consulting services fall into two broad categories:

Preparation of the required annual actuarial valuation, triennial investigation of experience (experience study), and regulatory Governmental Accounting Standards Board (GASB) disclosure services for the Retirement Plan and OPEB Program.
Consultation with Staff and Trustees regarding benefits, regulations, and administration of the Retirement Plan and OPEB Program, including interaction with the Fund’s auditor, administrator, and legal counsel, on these and other matters.

The actuarial auditing services include:

Performing audits with respect to the annual actuarial valuation, triennial investigation of experience, and regulatory GASB disclosure reports for the Retirement Plan and OPEB Program.

Submission Requirements

Submit your Intent to Respond (Attachment A) by 3:00 PM Wednesday, December 6, 2023, as well as your completed proposal (email only) by 3:00 PM Monday, January 8, 2024. All respondents are welcome to submit a proposal even if they did not submit a notice of intent. Faxed transmissions are not acceptable. The completed proposal is to be sent to the attention of:

Mr. Jude Pérez, Deputy Chief Investment Officer, LACERA
Actuarial.RFP@lacera.com

Also send one electronic copy marked “REDACTED”. The redacted copy should exclude all material from your proposal that you believe in good faith is exempt from disclosure under the California Public Records Act (Cal. Gov. Code Sections 7920 et seq.) (described in Section VII of this RFP). Redactions should appear as blacked out material or blank page(s) with the word “REDACTED” or “PROPRIETARY” inserted.

Questions Related to This RFP

Direct all questions, inquiries, and requests for additional information concerning this RFP to Jude Pérez no later than 3:00 PM December 11, 2023 by e-mail (Actuarial.RFP@lacera.com). All questions received and responses thereto will be posted on LACERA’s website (www.lacera.com) under the "RFP Opportunities" section on or about 3:00 PM December 18, 2023.