The Kansas City Public School Retirement System is requesting proposals from qualified actuarial firms to perform an independent audit of KCPSRS’ actuarial valuation to determine whether its contents have been prepared in accordance with generally recognized and accepted actuarial principles and practices that are consistent with the Code of Professional Conduct and applicable Actuarial Standards of Practice set out by the Actuarial Standards Board.
Reproduction of Actuarial Valuation dated January 1, 2022
Firm shall use the same data, actuarial assumptions and methods as the retained actuary has used in these valuations. The validation shall be done through a full replication audit that attempts to duplicate the results of the entire valuation.
The Q&A document for the KCPSRS Professional Auditing Services request for proposal is now available. Clink on the link below to download this document.
Proposals must be received no later than 4:30 p.m. CST on Friday, August 12, 2022.
Email one (1) signed, electronic copy of the proposal to firstname.lastname@example.org in either Microsoft Word or Adobe Acrobat PDF format by 4:30 PM CST on Friday, August 12, 2022. The proposal must be signed by a person in the Firm authorized to bind the Firm contractually. KCPSRS reserves the right to reject any or all proposals and to accept the proposal deemed best for KCPSRS.
Note that Bidder responses will be subject to disclosure to the public upon written request under the Missouri Sunshine Law.