Who is a member?
Our members are the local governments of Massachusetts and their elected and appointed leadership.
The Shrewsbury Contributory Retirement System is seeking proposals from qualified Actuaries and Actuarial Service providers to conduct a full actuarial valuation and review of the system to determine if assets and contributions are sufficient to provide prescribed benefits under Massachusetts General Laws Chapter 32 and Chapter 34B, Section 19, as well as to provide appropriate bi-annual or annual funding schedules pursuant to Massachusetts General Laws Chapter 32. Assets of the Shrewsbury Contributory Retirement System are valued at approximately $175 million as of Dec. 31, 2024. The successful proposer should be experienced preparing GASB Statements Nos. 67 and 68 Accounting Valuation Reports and will also advise the Retirement System regarding matters that impact the actuarial funding schedule required by Massachusetts General Laws Chapter 32.
The Board reserves the right to cancel or reject in whole or part any or all proposals in the best interest of the Shrewsbury Retirement System.
The Request for Proposal may be obtained beginning on Wednesday, February 25, 2026 by visiting the system’s website at: shrewsburyma.gov/bids.aspx
Questions can be submitted in writing to:
Gregory Gatsogiannis
Executive Director
Shrewsbury Contributory Retirement System
100 Maple Avenue
Shrewsbury, Ma. 01545
Proposal deadline is Friday, March 20 at 12 p.m. Late proposals will not be accepted.