Specifications include, but are not limited to: The Teachers’ Retirement System of the State of Illinois (the System or TRS) is requesting proposals to conduct a replication audit of the June 30, 2022 valuation report prepared by the System actuary. TRS is looking for proposals for both a full and limited scope actuarial audit. The determination of a full or limited scope audit will be determined at the time of contracting with TRS. The audit should include a complete or sample recalculation of the actuarial valuation based on the same census data, assumptions and actuarial methods used by the System actuary, providing a detailed report and presentation of the findings. The objective of this Request for Proposal is to solicit competitive proposals from qualified vendors in sufficient detail to permit objective evaluation of all proposals which may result in a contract to provide actuarial audit services, as noted above, to the Teachers’ Retirement System.