On February 7, 2017, Procurement Services opened four (4) proposals in response to the “Request for Proposal for Pension Benefit Consultant Services”.  This RFP was issued to secure a qualified and responsible company to review and comment on the City’s three (3) pension actuary reports; evaluate the plans and benefit structures and any other factors influencing the cost of the plans; quantify their impact on the funding of the individual plans; propose a long-term plan to reduce the recommended annual contribution to fund the pension liability; and develop alternatives that would maintain competitiveness as an employer.  

After reviewing all proposals in accordance with the evaluation criteria contained in the RFP, the selection committee is recommending awarding the Pension Benefit Consultant Professional Services Agreement to Aon Hewitt.

The Ranking is as follows:

Firm                                        Points (Max 300)                              Ranking  

Aon Hewitt                             278                                                        1

Nyhart Company                   264                                                         2

Sageview                               243                                                        3

Bolton Partners                      241                                                        4