City of Burlington, Vermont City of Burlington, Vermont

200 Church Street, Suite 102 
Burlington, VT 05401
Phone: 802-865-7145 Fax: 802-864-1777

 

Retirement Administration

REQUEST FOR PROPOSALS - Burlington Employees Retirement System
Pension and Other Post-Employment Benefits (OPEB) Actuarial Services

Burlington Employees Retirement System (BERS) is soliciting proposals from firms interested in serving as Consulting Actuary. BERS is seeking professional actuary services to perform the annual pension plan valuation and bi-annual OPEB valuation and other related services as required by current or future GASB pronouncements. A complete description of required services is included in Section B, Scope of Pension and OPEB Actuarial Consulting Services.

From the issue date of this RFP until the selection and announcement of a successful offeror, offerors are not allowed to communicate, for any reason, with any BERS staff regarding this particular procurement, except through the Contracting Officer named herein. For violation of this provision, BERS shall reserve the right to reject the proposal of the offending offeror.
The point of contact for questions and all other contractual matters relating to this RFP is:

Name: Rich Goodwin
Title: Director Financial Operations
Address: 149 Church Street, 2nd Floor
Burlington, VT 05401
E-Mail: rgoodwin@burlingtonvt.gov

The deadline for offeror’s proposals is, July 12, 2017 by 3:00 PM delivered to the BERS office, marked to the attention of:
Name: Rich Goodwin
Title: Director Financial Operations
Address: 149 Church Street, 2nd Floor
Burlington, VT 05401
E-Mail: rgoodwin@burlingtonvt.gov
By submitting a proposal, the offeror acknowledges that it has read this RFP, understands it, and agrees to be bound by its requirements.

To view the RFP, please see the City of Burlington Webpage, Request for Proposal and Bids at: https://www.burlingtonvt.gov/RFP

 

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The Retirement Board Members serve as trustees of the funds of the Retirement System. They set investment goals and guidelines and review the performance of the money managers. They also set policy and oversee the general administration of the System.

The day to day administration is handled by the Retirement Administrator, whose office is located at 149 Church St., City Hall, Burlington, VT 05401.  Our office is located in the Clerk Treasurer's Department on the 2nd Floor of City Hall.

The Retirement Office maintains records on each member, vested member, and retiree. From these records, data is sent to the actuary for the annual system valuation. The valuation produces the amount of City contribution to the Retirement System for the following year. Also from these records, annual statements are sent to each active member of the system.

The Retirement Administrator is available to answer questions and provide benefit estimates.

Records are also maintained on the system's investments and managers' performance. There are monthly statements showing the assets. The Board meets with the investment consultants four times a year. 

RETIREMENT BOARD MEMBERS

James T. Strouse, Chairman
Daniel Gilligan
Bob Rusten, Ex-Officio Member
Munir Kasti
Benjamin R. O'Brien
Matthew Dow
Robert Hooper

Contact: Stephanie Hanker, Retirement Administrator
Phone: 802-865-7097
E-Mail: shanker@burlingtonvt.gov

Mailing Address:
Burlington Employees' Retirement System - 149 Church Street, City Hall - Burlington, VT 05401

**The Retirement Board has recently approved a revised Investment Policy Statement.  Please click the link below to view.  Thank You**

Investment Policy Statement Effective November 2015