Who is a member?
Our members are the local governments of Massachusetts and their elected and appointed leadership.
REQUEST FOR PROPOSALS TO PROVIDE ACTUARIAL SERVICES
The Melrose Retirement Board (hereinafter, “the Board”) is seeking proposals from qualified vendors to provide actuarial services to include full actuarial valuations, a review of the Melrose Retirement System to determine whether assets and contributions are sufficient to provide prescribed benefits under M.G.L. Chapter 32 and Chapter 34B, Section 19, and provide an appropriate funding schedule pursuant to M.G.L. Chapter 32.
The consulting actuary to the 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. The Retirement Board prefers that responding vendors have a minimum of three years of relevant experience.
Melrose Retirement System has approximately $145 million in assets under management and serves approximately 1,300 participants.
The Board reserves the right to cancel or reject in whole or part any or all proposals in the best interest of the Retirement System.
The RFP is available up to the proposal deadline by emailing [email protected].
Proposal deadline is Monday November 23, 2026, at 4:00 PM EST.
Late proposals will not be accepted.