Salem Contributory Retirement System

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Location:: Salem, MA
Country:: US

Salem Contributory Retirement System RFPs

Active opportunities open for bidding

Salem Retirement Board Request for Proposal
Open
Aug 7, 2026
Closes
Sep 18, 2026
The Salem Contributory Retirement Board seeks qualified actuaries and actuarial service providers to conduct a full actuarial valuation and review of the system. The work is intended to determine whether assets and contributions are sufficient to provide prescribed benefits and to provide biannual or annual funding schedules under Massachusetts law. The notice states that the RFP will be available on August 11, 2026, that the system had approximately $332 million in assets as of December 31, 2025, and that proposers should have experience preparing GASB Statements Nos. 67 and 68 Accounting Valuation Reports.

Buyer Attributes

Key metrics and characteristics

City
The city where this buyer is located.
Salem
County
The county where this buyer is located.
Essex
Address
Physical address of this buyer.
20 Central Street, Suite 110
Zip Code
Postal code for this buyer's location.
01970
Propensity to Spend
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Startup Friendliness
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Early Buyer Signals

Board meetings and strategic plans from Salem Contributory Retirement System

Salem Contributory Retirement Board Meeting
Date: May 20, 2026Type: Meeting mention
The board meeting agenda included the adoption of a funding schedule and consideration of an increase to the cost-of-living adjustment base. The agenda also covered the approval of service purchase applications, a review of the March account reconciliation, a presentation of the financial condition report by the Executive Director, and a review of relevant PERAC memos.
Salem Contributory Retirement Board Meeting Notice
Date: May 20, 2026Type: Meeting mention
The meeting notice serves to inform the public that the board meeting will be conducted via remote participation. It outlines the specific technological methods for accessing the proceedings, including a Microsoft Teams link and a conference telephone line, ensuring that the public can observe or listen in real time.
Salem Contributory Retirement Board Meeting
Date: Apr 28, 2026Type: Meeting mention
The board meeting agenda covered a review of preliminary actuarial valuation results and a cost-of-living adjustment analysis. Regular business items included the review of monthly warrants, refunds, transfers, member enrollments, retiree deaths, and applications for service purchases, alongside benefit calculation approvals. Additional reports included the treasurer's account reconciliation, the executive director's assessment of financial conditions, and a review of relevant PERAC memos. The board also conducted a vote regarding the FY2027 cost-of-living adjustment for eligible benefit recipients.

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Salem Contributory Retirement System