The Alaska Retirement Management Board’s Actuarial Committee is in the middle of a four‑year experience study for PERS, TRS, JRS, and NGNMRS covering 7/1/2021–6/30/2025, with Gallagher as the consulting actuary and GRS as the review actuary. At the March 17, 2026 meeting, Gallagher presented proposed updates to economic and demographic assumptions, including a potential reduction of the investment return assumption from 7.25% to 7.00%, updated mortality, termination, retirement, disability, healthcare participation, and a possible rehire load, with any Board‑approved changes to be implemented in the June 30, 2026 valuations. This creates an ongoing need for specialized actuarial and pension consulting support around assumption selection, risk analysis, and funding impact modeling for Alaska’s statewide systems. Vendors that provide actuarial peer review, capital market modeling, or policy impact analysis could position themselves for future engagements when the next experience study cycle is scoped or if the Board seeks independent advice on the implications of changing key assumptions and funding policies.

Study includes both pension and retiree healthcare assumptions and interacts with Alaska’s statutory...