Auctuarial Consulting RFP
Provide expert advice and guidance regarding any actuarial and policy issues which may
affect the actuarial soundness of PACT. Provide expert testimony to various authorities,
including the State legislature and Court, if the need arises.
2. Interact with the Treasurer, PACT’s legal counsel, staff, and Board to determine if
pending legal issues may affect the actuarial soundness of the program.
3. Be readily accessible to the Board, State Treasurer and staff by telephone within one
working day. Be available to make Court or Legislative Committee appearances as
needed.
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4. Evaluate, if requested, the effect of any proposed legislative or court issued changes
regarding the program’s actuarial soundness. Provide actuarial review of any program
amendments to PACT’s enabling legislation or Court Orders.
5. Provide guidance and advice regarding any new actuarial issues that may affect PACT
and which arise during the term of the contract. Inform the Board, Treasurer and staff on
developments in federal legislation and/or regulations regarding college financing, tuition
rates, etc.
6. Attend a minimum of two board meetings annually, and be available to attend other
board or legislative meetings.
