Opportunity
Alaska Online Public Notices #RFI#02-116-20
Alaska Seeks Guaranteed Lifetime Annuity Products for Public Retirement Plans
Posted
March 26, 2026
Respond By
April 06, 2026
Identifier
RFI#02-116-20
NAICS
524113, 525920
The State of Alaska, Department of Administration, Division of Retirement and Benefits is conducting market research to identify vendors capable of providing guaranteed lifetime annuity products for its large public defined contribution retirement plans. - Government Buyer: - State of Alaska, Department of Administration, Division of Retirement and Benefits - Products/Services Requested: - Guaranteed lifetime annuity products for Public Employees (PERS) and Teachers (TRS) Defined Contribution Retirement Systems - Approximately 62,000 active PERS participants and 24,000 active TRS participants (86,000 total) - Products must provide guaranteed monthly lifetime income for retirees - Related services: - Member concierge services - Annuity counseling services - Coordination with plan recordkeepers - Data reporting and performance guarantees - Notable Requirements: - Vendors must describe program features, service models, fee arrangements, and ownership structure - Compliance with Administrative Order 352 (boycotts of Israel) - Confidentiality provisions for submissions - This is a Request for Information (RFI) for market research only; no contract award is guaranteed - No specific OEMs or vendors are named in the notice
Description
The State of Alaska's Department of Administration, Division of Retirement and Benefits, is seeking information from qualified vendors capable of providing guaranteed lifetime income products for large public defined contribution plans. This Request for Information (RFI) aims to gather market data on available annuity programs, their features, costs, and service components to assist in future procurement decisions. Interested parties must submit written responses by April 6, 2026, and direct all questions via email to the procurement office. The RFI includes a detailed questionnaire and background on the state's retirement plans and additional benefits.