San Diego County Ivalua #588

Award for Actuarial Services: Fiscal Study on Deferred Retirement Option Program (DROP) for San Diego County

The County of San Diego procured professional actuarial services to conduct a fiscal study on a Deferred Retirement Option Program (DROP) for the San Diego County Employees Retirement Association (SDCERA). - Government Buyer: - County of San Diego, Department of Purchasing and Contracting (DPC) - Key contacts: David Robar (Procurement Contracting Officer), John M. Pellegrino (Director), Allen R. Hunsberger (Assistant Director) - Awarded Vendor (OEM): - Foster & Foster Consulting Actuaries, Inc. (Fort Myers, FL) - Other Interested Vendor: - Buck - Services Requested: - Comprehensive actuarial analysis and fiscal study evaluating feasibility, cost, and cost-neutral design options for implementing DROP for safety members under SDCERA - Deliverables include written analyses (assumptions, cost impacts, member impacts, risks), draft and final feasibility reports, and presentations to executive management and potentially the Board of Supervisors - As-needed additional services and meetings (hourly rates) - Notable Requirements: - Experience with California government agencies and familiarity with the County Employees Retirement Law of 1937 (CERL) - Most work can be performed remotely, but in-person presentations may be required - Contractor must provide transition/disentanglement support upon contract expiration/termination (up to 12 months) - Fixed-price preferred, with milestone payments tied to deliverables; as-needed hourly rates also requested - Contractor must perform services to professional standards and use designated key personnel (changes require County consent) - No product part numbers or physical product quantities are listed, as this is a professional services contract - Locations: - County of San Diego, Department of Purchasing and Contracting, 5560 Overland Avenue, Suite 270, San Diego, CA 92123-1204 (contracting office) - County of San Diego, Office of Financial Planning, 1600 Pacific Highway, Suite No. 166, San Diego, CA 92101 (invoicing) - Foster & Foster Consulting Actuaries, Inc., 13420 Parker Commons Blvd Suite 104, Fort Myers, FL 33912 (awardee address) - Buck, 411 Borel Ave Suite 620, San Mateo, CA 94402 (interested vendor address)

Description

The County of San Diego is soliciting quotations for actuarial services to conduct a fiscal study on a Deferred Retirement Option Program (DROP). The work involves providing professional actuarial analysis and services as detailed in the Statement of Work. The solicitation includes evaluation based on price and other factors such as experience, technical approach, and agreement to the County's terms. The contract award will be made to a qualified firm capable of performing these services efficiently and economically.

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