The Town seeks to retain the services of an actuarial consulting firm to perform the necessary actuarial services including: preparation of the pension plan’s annual actuarial valuation report (combined report for hybrid and legacy funds), biennial OPEB valuation, services required by current or future GASB pronouncements, required calculation of benefit payments data for retirees and respond as needed to questions relating to the Town’s plans. In addition, the actuary will also provide consulting services to the Town with regard to the Town’s pension plan and retirement benefits including, but not limited, to the calculation of retirement benefits and providing relative data with regard to negotiation of retirement benefits with Town collective bargaining groups.
