Publications Subscription
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Awarding Agency
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Agency Name and Address |
Northbridge, Town of
Contributory Retirement System
Town Hall
7 Main Street
Whitinsville, MA 01588 |
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Bid Number |
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Contact Information |
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Name |
Caitlin Leahey |
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Title |
Board Administrator |
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Phone |
508-234-0820 |
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Fax |
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Email Address |
cleahey@northbridgemass.org
Notify email address listed when final publish date assigned. |
Address (if different from above) |
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Description |
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Northbridge Contributory Retirement System Request for Proposals for Actuarial Services. The Northbridge Retirement Board is seeking proposals from qualified vendors to provide actuarial services to include full actuarial valuations, a review of the Northbridge Retirement Board to determine whether assets and contributions are sufficient to provide prescribed benefits under M.G.L. c. 32 and c. 34B, ยง 19, and provide an appropriate funding schedule pursuant to M.G.L. c. 32.
The consulting actuary to the Northbridge Retirement Board must be either an Enrolled Actuary, a member of the American Academy of Actuaries, or an Associate or Fellow of the Society of Actuaries. The actuary must be qualified to perform actuarial valuations of public pension plans, developing appropriation assessments, and preparing GASB Statements Nos. 67 and 68 Accounting Valuation Reports. |
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Contract Information |
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Estimated Rate |
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Duration |
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Bid Release Date |
10/23/25 |
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Bid Release Time |
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Bid Deadline Date |
12/15/25 |
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Bid Deadline Time |
12:00 P.M. |
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Additional Information |
TRFP available by request to Caitlin Leahey, Board Administrator at cleahey@northbridgemass.org. The Northbridge Retirement Board prefers that responding vendors have a minimum of three years of relevant experience. The Northbridge Contributory Retirement System had approximately $52.2 million in assets as of 1/1/24 managed under the Pension Reserves Investment Management Board. The System had 249 active participants, and 122 retired members within the retirement system. The Board reserves the right to cancel or reject in whole or part any or all proposals in the best interest of the Northbridge Contributory Retirement System. |
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View the online copy of this publication.(hyperlink)
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