Actuarial Services

2026-11-03

A . Contractor shall provide PERA professional actuarial services and assistance for the following pension funds administered by PERA :  Public Employees Retirement Fund  Judicial Retirement Fund  Magistrate Retirement Fund  Volunteer Firefighters Retirement Fund Contractor shall perform an annual actuarial valuation of all funds listed above as well as a separate valuation for the Legislative Division of PERA Fund . The valuation shall include , but not be limited , to the following . 1 . Computation of accrued liabilities for annuities likely to be paid annuitants , beneficiaries , and active members on account of service rendered . 2 . Computation of accrued liabilities for annuities likely to be paid former active members who have deferred retirement rights . 3 . Computation of refund liabilities associated with member contributions . 4 . Computation of the actuarial present value of the total projected benefits . 5 . Computation of the required level percent of payroll employer / employee contribution rate required to finance the benefits provided by PERA . 6 . Computation of the remaining financing periods for the unfunded actuarial accrued liability associated with the current statutory contribution rates . 7 . Preparation of the actuarial balance sheet . 8 . Comparative analysis of the results of the most recent valuation with the results of previous valuation ( s ); Funded Status and Years to Finance Variance Report ( current year and cumulative )...

New Mexico

2026-05-02