District of Columbia Cobblestone Systems #CFOPD-25-C-017

Award for Actuarial Services for DC Retirement Plans (Teachers, Police, Firefighters)

This award summary covers the District of Columbia Office of the Chief Financial Officer's contract for actuarial services supporting retirement plans for teachers, police officers, and firefighters.

• Government Buyer

  • District of Columbia Office of the Chief Financial Officer (OCFO)
  • Office of Revenue Analysis (ORA)
  • Office of Contracts

• OEMs and Vendors

  • PRM Consulting Inc. (sole vendor)

• Products/Services Requested

  • Actuarial services to provide:
  • Guidance, advice, and recommendations on legislation affecting retirement plan assets and liabilities
  • Legislative impact analysis, including pay raise resolutions
  • Risk reduction solutions
  • Professional actuarial expertise across multiple roles:
    • Principal Actuary/Project Manager/Task Manager (Part #001)
    • Actuary (Part #002)
    • Consultant/Actuarial Assistant (Part #003)
    • Senior Actuarial Analyst (Part #004)
    • Actuarial Analyst (Part #005)
  • Services billed hourly by professional category, with annual rate increases

• Unique or Notable Requirements

  • Indefinite Delivery Indefinite Quantity (IDIQ) contract structure with a firm fixed price component
  • Not-to-exceed ceiling of $150,000
  • Four one-year option periods
  • Focus on legislative analysis impacting retirement plans for District teachers, police, and firefighters

• Place of Performance and Delivery

  • Primary work performed at Office of Revenue Analysis, 1101 4th Street, S.W. Suite 770, Washington, DC 20024
  • Contracting and payment offices located at 1100 4th Street, SW, Washington, DC 20024

Description

The District of Columbia Office of the Chief Financial Officer, Office of Contracts, on behalf of the Office of Revenue Analysis (ORA), has awarded a contract to PRM Consulting, Inc. to provide actuarial services. The contractor will provide guidance, advice, and recommendations regarding legislation that may affect the assets or liabilities of the District's retirement plans for teachers, police officers, and firefighters based on actuarial considerations. The contract includes four one-year option periods, with one option exercised, and the current term runs from April 7, 2026, to May 6, 2026. The contract has a not-to-exceed value of $150,000.

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