CTPF is seeking proposals from qualified Respondents to perform pension system actuarial services. A. At a minimum: 1. The firm must be regularly established in the industry of providing actuarial consulting services, financially responsible, and have experienced personnel able to provide the required services. Chicago Teachers' Pension Fund (CTPF) may request information substantiating the above requirements. Failure to provide this information may result in a contractor’s proposal being declared non-responsive. 2. The individual(s) assigned to CTPF as lead consultant(s) must have a minimum of five (5) years professional experience in the actuarial consulting field. All actuaries shall be enrolled actuaries and shall be members of the American Academy of Actuaries or the Society of Actuaries. 3. The actuarial consulting firm must have been in business for a minimum of five (5) years. 4. The firm must have provided actuarial services to other public retirement systems or corporate pension plans which are approximately the size or complexity of CTPF. 5. The firm must be able to maintain a secure data processing interface with CTPF or its vendors by, secure electronic means. 6. Preparation of the annual actuarial valuation of CTPF as required by law and any special actuarial studies, as requested by CTPF.
