Alaska Online Public Notices #RFI#02-116-26

Market Research RFI for Guaranteed Lifetime Annuity Products for Alaska Public Retirement Plans

The State of Alaska is conducting market research to identify vendors capable of providing guaranteed lifetime annuity products for its large public defined contribution retirement plans (PERS and TRS). - Government Buyer: - State of Alaska, Department of Administration, Division of Retirement and Benefits - Products/Services Requested: - Guaranteed lifetime annuity products for public defined contribution plans - Member concierge services and annuity counseling services - Coordination with plan recordkeepers and compliance with Administrative Order 352 (boycotts of the State of Israel) - OEMs and Vendors: - No specific OEMs or vendors are named in the RFI - Notable Requirements: - Products must provide guaranteed monthly lifetime income for retirees - Vendors must describe program ownership, customer service models, data reporting, and fee arrangements - Ability to serve approximately 86,000 active plan participants - Must coordinate with existing plan recordkeepers - Compliance with state administrative orders - Additional Information: - This is a Request for Information (RFI) for market research only; no contract award is guaranteed

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 products and their costs to assist in future procurement decisions. Interested parties must submit written responses by April 6, 2026, with the due date amended to April 10, 2026. The RFI includes detailed questionnaires and requires coordination with the plan's recordkeeper.

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