Salem Retirement Board Request for Proposal

Description: 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.