Michigan VSS #RFP-271-260000001688-1

Michigan Treasury seeks actuarial services for Michigan Education Trust (MET) program.

The Michigan Treasury, through its Austin Building office, is seeking actuarial services to support the Michigan Education Trust (MET) program. - Government Buyer: - Michigan Treasury, Austin Building office - OEMs and Vendors: - No specific OEMs or vendors are named in the solicitation - Products/Services Requested: - Actuarial services for the MET program, including: - Annual review of the program's actuarial soundness - Actuarial and financial guidance - Determination of costs for pre-purchasing tuition - Assessment of the need for participant limits - Study of MET's payment experience - Other related actuarial tasks as needed - Unique or Notable Requirements: - Solicitation is open to all qualified vendors - Electronic submission of responses is required - No unique licensing or classification requirements specified

Description

This solicitation is for actuarial services related to the Michigan Education Trust (MET). The scope includes conducting an annual review of MET's actuarial soundness, providing actuarial and financial guidance, determining the cost for pre-purchasing tuition, assessing participant limits, studying payment experience, and performing related tasks. The services aim to ensure the financial stability and proper management of the MET program. Responses are to be submitted electronically by July 21, 2023.

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