Actuarial Services for Employee's Retirement System

Bid Postings • Actuarial Services for Employee's Retirement Skip to Main Content Public Notification Status of ICE Operations in Burlington Find up-to-date information and resources related to U.S. Immigration and Customs Enforcement (ICE) Read On... Create a Website Account - Manage notification subscriptions, save form progress and more. Website Sign In Search Government Departments Residents Online Services Home Bid Postings Print Sign up to receive a text message or email when new bids are added! Print Bid Title: Actuarial Services for Employee's Retirement System Category: Current Requests for Quotes, Proposals and Bids Status: Closed Description: PROJECT PURPOSE: The City of Burlington Employees’ Retirement System Board (BERS Board) is responsible for the proper operation of the City’s Retirement Plan. This includes oversight of plan funding, actuarial assumptions, and long-term financial sustainability. The Board engages a qualified actuarial firm to provide independent actuarial services to ensure the Retirement Plan is managed in compliance with applicable standards, accurately reflects the City’s obligations, and remains financially sustainable. The City of Burlington Employees’ Retirement System currently has approximately $245 million in assets and 2,566 participants. The actuarial valuation, assumptions, and studies are critical to guiding investment policy, contribution requirements, and long-term funding PROJECT BACKGROUND: The City of Burlington Employees’ Retirement System provides Pension income to eligible City of Burlington Employees. Provisions of the City Charter govern the Plan. The Burlington Employees’ Retirement System Board consists of eight members: four elected by plan members, three appointed by City Council, and the City Treasurer who serves as an ex-officio member. See attachment for full RFQ information. Publication Date/Time: 9/16/2025 12:00 AM Closing Date/Time: 10/17/2025 12:00 PM Related Documents: RFQ Actuarial Services for BERS 9-15-25 FY24 Actuarial Valuation Report Outsourcing Certfication 2024 GASB 75 Disclosure Report_Burlington BERS_RFQ_Addendum1_Responses Return To Main Bid Postings Page Live Edit City of Burlington Purchasing Policy Consulting Agreement Documents & Forms Agendas Jobs Parking Payments Elections See, Click, Fix Contact Us City Hall 149 Church Street Burlington, VT 05401 Hours: Monday through Friday 8 am to 4:30 pm Phone: 802-865-7000 Email Us Quick Links Boards & Commissions City Council FAQs Open Data Report an Issue Consulting Agreement Documents & Forms /QuickLinks.aspx Helpful Links Home Site Map Contact Us Accessibility Privacy Policy Website Terms of Use /QuickLinks.aspx Government Websites by CivicPlus® Loading Loading Do Not Show Again Close Arrow Left Arrow Right [] Slideshow Left Arrow Slideshow Right Arrow