REQUEST FOR PROPOSAL
FOR THE STATE OF WISCONSIN
Department of Employee Trust Funds
Consulting Actuary for Group Insurance Programs
ETD0013


To: Whom It May Concern:

The Employee Trust Funds Board is requesting proposals for consulting actuarial services.

RFP# RFP Title
ETD0011 Employee Trust Funds Board Consulting Actuary for the Wisconsin Retirement System (WRS)
ETD0012 Employee Trust Funds Board Consulting Actuary for Health Insurance Programs
ETD0013 Employee Trust Funds Board Consulting Actuary for Group Insurance Programs

Qualified vendors are encouraged to submit competitive proposals on each of the above. One or more vendors may be awarded a contract. Vendors may submit proposals for one, two, or all of the RFPs referenced above. However, for each RFP that a vendor chooses to bid on, the response must be complete and separate from other RFP responses. After considering the proposals and prior to awarding a contract, the Board reserves the right to negotiate with any or all vendors a discounted final cost based on the vendor(s) being awarded more than one contract.

Each of the three RFPs for consulting actuary services is posted on the Employee Trust Funds web site at http://etfextranet.it.state.wi.us All modifications and other information associated with these RFPs will be posted on this web site. As such, interested vendors are encouraged to check this web site for updates frequently. No other notification regarding modifications will be provided.

The deadline for receipt of proposals for all three RFPs is February 17, 2014 at 2:00 PM CST. Late submissions may not be considered. Questions may be submitted as indicated in the RFP via email to ETFProcurement@etf.wi.gov The RFP number and title must be referenced in your email.

Revision History

4/18/14 Evaluation and Cost Scoring - Three Proposals
4/16/14 Intent to Contract with Milliman Inc
2/12/14 Extending Due Date to February 18, 2014, 2:00 p.m. CST
1/28/14 Vendor Questions and ETF Answers
1/6/14 Issue Request for Proposal

Contract

1/2/2020

Milliman, Inc. Contract Amendment 11 January 1, 2020 through December 31, 2020.

11/1/2019

Milliman, Inc. Contract Amendment 10 January 1, 2019 through December 31, 2019.

10/25/2019

Milliman, Inc. Contract Amendment 9 January 1, 2019 through December 31, 2019.

1/22/2019

Milliman, Inc. Contract Amendment 8 January 1, 2019 through December 31, 2019.

10/4/2018

Milliman, Inc. Contract Amendment 7 January 1, 2018 through December 31, 2018.

7/17/2018 Milliman, Inc. Contract Amendment 6 January 1, 2018 through December 31, 2018.
2/17/2017 Milliman, Inc. Contract Amendment 5 January 1, 2018 through December 31, 2018.
2/17/2017 Milliman, Inc. Contract Amendment 4 January 1, 2017 through December 31, 2017.
10/6/2016 Milliman, Inc. Contract Amendment 3 January 1, 2016 through December 31, 2016.
2/8/2016 Milliman, Inc. Contract Amendment 2 January 1, 2016 through December 31, 2016.
4/4/2015 Milliman, Inc. Contract Amendment 1 October 1, 2014 through December 31, 2015.
7/31/2014 Milliman, Inc. Contract October 1, 2014 through December 31, 2015.

 

Request for Proposal

RFP Main Document

Reference Materials

Document Web Address
3-Year Experience Study http://etf.wi.gov/boards/agenda-items-2012/etf122012/joint/item3b2.pdf
Retired Lives http://etf.wi.gov/boards/agenda-items-2013/etf032013/joint/item3b.pdf
Active Lives & Gain Loss http://etf.wi.gov/boards/agenda-items-2013/etf0620/joint/item3a.pdf
Accumulated Sick Leave Conversion Credits http://etf.wi.gov/boards/agenda-items-2013/etf0620/etf/item4b.pdf
WRS Fact Sheet http://etf.wi.gov/publications/et8901.pdf
Your Benefit Handbook http://etf.wi.gov/publications/et2119.pdf

ASLCC Fact Sheet

http://etf.wi.gov/publications/et8929.pdf
2012 CAFR http://etf.wi.gov/about/2012-cafr.pdf
Wisconsin Statute Chapter 40 http://docs.legis.wisconsin.gov/statutes/statutes/40
ETF Administratin Code http://docs.legis.wisconsin.gov/code/toc/etf
State of Wisconsin Investment Board Website http://www.swib.state.wi.us/
Employee Trust Funds Website etf.wi.gov