Town of Shrewsbury Actuarial Consulting Services RFP 2026
Town of ShrewsburyCity · Shrewsbury, MA- Due
- Mar 20, 2026
- Deadline passed
- Posted
- Feb 25, 2026
- Contract term
- 7 years
- Primary contact
- Gregory R. Gatsogiannis
- (508) 841-8510
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THE 30-SECOND BRIEF
The Shrewsbury Retirement Board (SRB) is seeking proposals from qualified individuals or firms to perform actuarial services for the Shrewsbury Contributory Retirement System (SCRS). Services include System funding requirements, pension liability analysis, special actuarial studies, and developing a funding schedule in conformance with MGL Chapter 32 and 840 CMR. The contract is anticipated to begin January 1, 2026, for a period of seven fiscal years.
Actuarial report, Funding schedule, Appropriation report, Supplemental report, Side letter analyzing COLA impact, Electronic file of complete valuation report, Printed and bound copies of the report.
Experience of the proposing firm, size of the firm and staff experience, quality of the proposal, methodology and time schedule, proposer's experience with PERAC, understanding of GASB Statements 67 and 68.
SUMMARY
The Shrewsbury Retirement Board (SRB) is seeking proposals from qualified individuals or firms to perform actuarial services for the Shrewsbury Contributory Retirement System (SCRS).
Services include System funding requirements, pension liability analysis, special actuarial studies, and developing a funding schedule in conformance with MGL Chapter 32 and 840 CMR. The contract is anticipated to begin January 1, 2026, for a period of seven fiscal years.
EVALUATION CRITERIA
6- Experience of the proposing firm
- Size of the firm and staff experience
- Quality of the proposal
- Methodology and time schedule
- Proposer's experience with PERAC
- Understanding of GASB Statements 67 and 68
REQUIRED DELIVERABLES
7- Actuarial report
- Funding schedule
- Appropriation report
- Supplemental report
- Side letter analyzing COLA impact
- Electronic file of complete valuation report
- Printed and bound copies of the report
REQUIRED ATTACHMENTS
3- Cover letter
- PERAC forms (Vendor Contact Information, Vendor Certification, Vendor Disclosures Forms)
- Appendices
- Submit to
- Shrewsbury Municipal Building, 100 Maple Avenue, Shrewsbury, MA 01545
- Scope location
- Shrewsbury
Questions about this RFP
How do I respond to this RFP from Town of Shrewsbury?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is March 20, 2026. The solicitation specifies required deliverables that must be addressed in your response. Be sure to include all required attachments as outlined in the solicitation. Submissions should be delivered to: Shrewsbury Municipal Building, 100 Maple Avenue, Shrewsbury, MA 01545. For questions, contact Gregory R. Gatsogiannis.
Can small businesses or minority-owned firms bid on this RFP?
Most government agencies, including Town of Shrewsbury in MA, encourage participation from small businesses, minority-owned, women-owned, and disadvantaged business enterprises (MBE/WBE/DBE). Check the full solicitation for any small business participation goals.
What happens after the RFP submission deadline?
After the deadline, the issuing agency reviews all submissions against the stated evaluation criteria. This typically includes a compliance check, technical evaluation, cost analysis, and may involve oral presentations with shortlisted vendors.
Can I ask questions about this solicitation before submitting?
Yes, most solicitations allow vendors to submit questions during a designated period. The primary contact is Gregory R. Gatsogiannis at (508) 841-8510. Questions and answers are typically shared with all prospective bidders.
What are the key deliverables?
The solicitation specifies the following deliverables: Actuarial report, Funding schedule, Appropriation report, Supplemental report, Side letter analyzing COLA impact, Electronic file of complete valuation report, Printed and bound copies of the report.. Proposals should clearly address how each deliverable will be met.
Can I search RFPs like this in ChatGPT or Claude?
Yes. Civic IQ has an MCP server that connects ChatGPT, Claude and other AI assistants to live Civic IQ data: open RFPs, pre-RFP signals from public meetings, awarded contracts and agency decision-makers across 100,000+ US public agencies. Add https://beta.mcp.civiciq.com/mcp as a connector (in ChatGPT under Settings > Apps & Connectors, in Claude under Settings > Connectors) and sign in with a free Civic IQ account at civiciq.com/mcp.
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What are the evaluation criteria for this solicitation?
This solicitation includes specific evaluation criteria that will be used to score proposals. The criteria include: "Experience of the proposing firm, size of the firm and staff experience, quality of the proposal, methodology and time schedule, proposer's experience with PERAC, understanding of GASB Statements 67 a..." Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from Town of Shrewsbury?
All active and historical solicitations from Town of Shrewsbury are tracked and searchable. As a city agency, Town of Shrewsbury regularly publishes solicitations. Visit the agency profile to see current open bids, past contracts, vendor relationships, and decision-maker contacts.
What is the contract term for this solicitation?
The anticipated contract term is 7 years. Contract terms may include renewal options.
What documents are required to bid on this RFP?
Requirements vary by solicitation, but common documents include a technical proposal, cost/price proposal, proof of insurance, relevant certifications, past performance references, and any forms specified in the solicitation. This solicitation specifically requires the following attachments: Cover letter, PERAC forms (Vendor Contact Information, Vendor Certification, Vendor Disclosures Forms), appendices.. Review the full document from Town of Shrewsbury for the complete list.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: Shrewsbury. Review the full solicitation for detailed scope requirements.