The Franklin Regional Retirement Board members met on Wednesday, September 25, 2019 to compare evaluation notes and voted to offer the contract to KMS Actuaries because they offered the lowest total price as well as technical prowess equally as good as the competition. KMS Actuaries has been the Board’s actuary since 2014, and the Board looks forward to the next seven years of continuing good service. The 7-year period will encompass four bienniel valuations, and seven annual GASB 67 reports.
Copies of most recent valuations can be found at: http://www.frrsma.com/appropriationsassessments-and-actuarial-valuations/
The price proposals:
- KMS Actuaries – $86,500
- Stone Consulting – 99,350
- Segal Consulting – 128,000