EXTRA-79167 - USA (Norwood, Massachusetts) - Actuarial Services - Deadline December 9,2026

Vendor needs to provide actuarial services to the government authority located in Norwood, MA. – Provide actuarial services which includes creating actuarial valuation reports and funding schedules of the agency retirement system.• Calculate the following values:– Present values of future benefits, by benefit type (i.e. superannuation, death disability, termination)– Employee normal cost (derived from statutorily required employer contributions)– Employer normal cost– Total normal cost– Actuarial accrued liability by benefit type– Unfunded actuarial accrued liability– Present value of actuarial accrued liabilities– Current contribution to amortize the unfunded actuarial accrued liability– Retirement allowances payable for calendar year– Pensions payable for calendar year– Administrative expenses• The valuation shall display the following data:– Total number of active members– Total number of inactive members– Total number of disabled– Total number of retirees and beneficiaries– Total regular compensation payable to active members• Provide a liability schedule for active and retired plan participants.