NOTICE OF REQUEST FOR PROPOSALS

Statement of Work: The Florida Legislature’s Office of Program Policy Analysis and Government Accountability (OPPAGA) is requesting proposals from an independent enrolled actuary, as defined in Section 112.625(3), Florida Statutes, to assist OPPAGA in the determination of compliance of the Florida Retirement System with the provisions of the Florida Protection of Public Employee Retirement Benefits Act, Chapter 112, Part VII, Florida Statutes, as directed in Section 112.658, Florida Statutes. This work entails review of the actuarial valuation of the Florida Retirement System pension plan for Fiscal Years ending June 30, 2008 through June 30, 2010. Interested and qualified firms may submit a proposal to conduct this review annually for a contract period of three years.

The purpose of the actuarial analysis is to inform the Florida Legislature about whether the Department of Management Services’ consulting actuary conducted annual actuarial valuations of the Florida Retirement System pension plan using generally accepted and statutorily required standards, methods, and procedures; whether the valuation results were reasonable; and whether the plan continued to have sufficient assets to pay future benefits when due.

Proposals: Proposals must be submitted in accordance with the content set forth in the “Request for Proposals for an Annual Review of the Fiscal Year 2007-08, Fiscal Year 2008-09, and Fiscal Year 2009-10 Actuarial Valuations of the Florida Retirement System Pension Plan,” dated June 27, 2008. Copies of this document are available electronically from the contact person.

Contact Person: Ms. Debra Waters, Office of Program Policy Analysis and Government Accountability, 111 West Madison Street, Suite 312, Tallahassee, Florida 32399-1475, (850)487-0577, email: waters.debra@oppaga.fl.gov.

Dates: All interested actuarial firms are required to submit a mandatory but non-binding letter of intent to propose, which must be received by OPPAGA no later than 3:30 p.m. (Eastern Time), Tuesday, July 8, 2008. OPPAGA will have further communications after that date only with those persons who indicate their initial intent to submit a proposal on this project. The closing date and time to receive proposals is 3:30 p.m. (Eastern Time), Monday, July 21, 2008. The contact person must receive the written proposal prior to the closing date and time. Proposals that for any reason are not so received will not be considered. OPPAGA reserves the right to reject all proposals. Unless all proposals are rejected, it is anticipated the contract will be awarded in early August 2008.