PROFESSIONAL_SERVICESAMENDED

Milliman Actuarial Services Contract Extended To 2030

The Board of Trustees authorized an amendment with Milliman, Inc. to provide actuarial services for early retirement medical and life insurance plans and healthcare IBNR plans from June 4, 2026 through June 3, 2030, for an amount not to exceed $120,000. The engagement supports GASB-compliant actuarial reporting for fiscal years 2026–2029, funded through the Audit Fund.

Status
AMENDED
Document date
May 7, 2026
Contract type
PROFESSIONAL_SERVICES
Vendor
Milliman Inc
Agency
City Colleges Of Chicago-Richard J Daley College · IL

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Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $120,000
Contract type
PROFESSIONAL_SERVICES
Contract term
June 4, 2026 – June 3, 2030
Renewal date
2030-06-03
Renewal
Amendment extends the existing agreement under Board Report #35828 for four additional years, from June 4, 2026 through June 3, 2030, at a not-to-exceed total of $120,000. Any expenditures beyond the current fiscal year are contingent upon future appropriations per Section 7-14 of the Illinois Public Community College Act.
Document type
Report
Source document
Community College District No. 508 Board Report Actuarial Services Milliman, Inc. 2026-05-07

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the professional services contract by City Colleges Of Chicago-Richard J Daley College?

Milliman Inc was awarded this professional services contract by City Colleges Of Chicago-Richard J Daley College, as recorded on May 7, 2026. The contract value is Not to exceed $120,000.

How much is the Milliman Inc contract with City Colleges Of Chicago-Richard J Daley College worth?

The Milliman Inc contract with City Colleges Of Chicago-Richard J Daley College is valued at Not to exceed $120,000, covering professional services work.

What type of contract is this?

This is a Professional Services contract, documented as a report record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Community College District No. 508 Board Report Actuarial Services Milliman, Inc. 2026-05-07 (Report), dated May 7, 2026 from City Colleges Of Chicago-Richard J Daley College. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Milliman Inc hold?

Milliman Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is City Colleges Of Chicago-Richard J Daley College currently buying?

Explore City Colleges Of Chicago-Richard J Daley College's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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