Actuarial Services For Non - Certificated Employees Retirement Plan ( NCERP )

2026-11-03

St . Louis Community College ( hereinafter referred to as “ College ”) invites all interested and qualified parties to submit proposals for actuarial services for the Non - Certificated Employees Retirement Plan ( hereinafter referred to as “ Plan ”). The Board of Trustees of St . Louis Community College established the Non - Certificated Employees Retirement Plan ( NCERP ) of the Junior College District in 1969 . The Plan is a defined benefit retirement plan covering eligible non - certificated employees of the College and is not subject to ERISA . Certain administrative elements of managing this Plan are currently performed by a third - party administrator in coordination with College staff . The purpose of this Request for Proposal is to obtain proposals from qualified actuarial firms to provide independent actuarial services to support the Plan ’ s financial reporting , valuation , compliance , and governance requirements . The selected firm will serve as the Plan ’ s independent consulting actuary and will provide professional actuarial services relied upon for financial reporting , fiduciary oversight , and institutional decision - making . The selected firm will work collaboratively with the College , its third - party administrator , auditor , trustee / custodian , investment managers , and other Plan service providers as necessary . NCERP currently holds approximately $ 76 million in invested assets . There are approximately 700 active contributing participants and approximately 280 retirees currently receiving monthly benefits . Participant contributions are fixed at 4 % of compensation and are matched 100 % by the College . Annual contributions total approximately $ 1 . 2 million , and annual benefit payments total approximately $ 3 . 4 million .

Missouri

2026-04-29