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RFP Actuarial Services

Tender Information
Author alnationtalk
Deadline June 19, 2024
Name Ontario Pension Board
Type RFP
Region ON
Sector Public Sector
Category Services

Basic Information

Reference Number

Issuing Organization

Solicitation Type
RFP – Request for Proposal (Formal)

Solicitation Number
RFP 2024-008-PEN/mr

RFP Actuarial Services

Source ID

Agreement Types
Canada-European Union Comprehensive Economic and Trade Agreement(CETA)
Canadian Free Trade Agreement (CFTA)

Canada, Ontario, Toronto

Purchase Type
Duration: 3 years
Option: with option to extend for up to two periods of up to two years each

2024/05/17 06:07:38 PM EDT

Bid Intent
Not Available

Question Acceptance Deadline
2024/05/30 04:00:00 PM EDT

Questions are submitted online

Closing Date
2024/06/19 03:00:00 PM EDT

Contact Information
Eva Zacharias

Ontario Pension Board (“OPB”) invites prospective proponents, who have the demonstrated capability and depth of expertise to support OPB in meeting its fundamental obligations for the PSPP and obligations that arise under agreements with the Government of Ontario (the “Government”) related to other plans, to submit proposals for the provision of Actuarial Services to support OPB’s actuarial needs.

The following mandatory technical requirements must be met:

the proponent is from a jurisdiction that has trade obligations with Ontario and/or Canada;
each proposed key team member must be a fellow of the Canadian Institute of Actuaries (FCIA);
the proponent declares that there is no Conflict of Interest in preparing its proposal;
the proponent declares that there is no foreseeable Conflict of Interest in performing the contractual obligations contemplated in the RFP.

OPB is seeking to retain a Lead Actuary for the provision of actuarial services including but not limited to actuarial valuations for funding purposes, other actuarial functions relating to administration of the plans, the provision of a pension calculator, implementation and training services, and consulting services as required. OPB is also seeking a Secondary Actuary who will be engaged for ad hoc services when the Lead Actuary is not able to provide the services.

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