REQUEST FOR PROPOSAL FOR ACTUARIAL CONSULTING PACT PROGRAM STATE TREASURER OF ALABAMA
Posted
Sep 3, 2026
Sep 30, 2026
Procurement of actuarial consulting services for the Prepaid Affordable College Tuition Program (PACT) Board.
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Posted
Sep 3, 2026
Sep 30, 2026
Procurement of actuarial consulting services for the Prepaid Affordable College Tuition Program (PACT) Board.
Key metrics and characteristics
City
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Montgomery
County
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Montgomery
Address
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600 Dexter Ave # S106
Zip Code
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36104
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Board meetings and strategic plans from Alabama State Treasury Department
The Board meeting included reports on the Alabama ABLE Savings Plan, covering quarterly updates on assets under management, account statistics, asset allocation, manager performance, and marketing efforts. The CollegeCounts 529 section included reviews of program budgets, scholarship numbers, and quarterly statistics regarding active accounts, assets, contributions, and investment performance for both Direct and Advisor plans. The Board also reviewed and approved recommendations for the investment Watch List, including commentary on personnel changes within investment management firms.
The Board of Directors discussed several quarterly reports, including a program report detailing current assets, revenues, disbursements, and tuition benefit payments. They also reviewed an investment report providing an overview of fixed income, equities, and portfolio performance, as well as an actuarial report analyzing asset values and funded ratios. Finally, the Board considered and approved a resolution to implement a 6% increase in PACT benefit payments effective for the 2026 Fall Term.
Public-sector contacts connected to Alabama State Treasury Department.
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The board reviewed a quarterly program report, which included updates on public deposit trends, collateral consistency, and the status of the general SAFE budget. Detailed reports were provided regarding bank mergers, acquisitions, and the QPD application status for several financial institutions. Furthermore, the board discussed legislative updates concerning Senate Bill 232 and House Bill 344, noting that these bills, which would have impacted the management of public funds by volunteer fire departments, did not progress during the legislative session.
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