Defense Supply Service-Washington, 5200 Army Pentagon, Washington, D.C. 20310-5200

70 -- REVISION OF THE ACTUARIAL VALUATION OF THE MILITARY RETIREMENT SYSTEM SOL DASW01-96-R-0006 POC Contact: Joseph Burrus, Contract Specialist, (703) 695-9422 Due to budget constraints upon the original request THE FOLLOWING REQUIREMENT IS RE-SYNOPSIZED. The Defense Supply Service-Washington, in support of the Office of the Secretary of Defense has a requirement for Revision of Actuarial Valuation of the Military Retirement System - The current actuarial projection model used to perform the annual valuation of the Military retirement system will be rewritten, incorporating most of the attributes of the current model. The model is used to calculate the normal costs and unfunded liabilities using the Aggregate Entry Age Normal funding method and to generate long-term projections of military retired pay and active pay under various assumptions. The current model was written in FORTRAN in 1979 and runs on an IBM mainfram computer. Although the results are considered accurate, the model is extremely difficult to maintain or to modify when benefit changes occur. Because documentation is minimal, the model is difficult and time-consuming to learn. The project includes: (1) Redesign of the model with appropriate documentation. (2) Selection of the operating system, with the sponsor's approval. (3) Analysis of, improvements in, and additions to the model's several decrement rates and parameters. (4) Actuarial output based on both the Aggregate Enntry Age Normal and Projected Unit Credit Funding methods. (5) Development of the capability to perform actuarial gain/loss analysis by source. (6) Training of the actuarial staff in the redesigned model's use. The project requires familiarity with the laws and regulations regarding military retirement, extensive programming experience and actuarial expertise. The performance period of this project will be 12 months from the date of the contract award. Interested parties are invited to respond to this synopsis. All responsible parties responses will be considered. TO PREVENT CONFUSION, IF YOU RESPONDED TO THE PREVIOUS SYNOPSIS UNDER RFP NO. DASW01-96-R-0006, YOU NEED NOT REQUEST AGAIN. YOUR PREVIOUS REQUEST IS MAINTAINED IN THE FILE. Solicitation document to be issued on or about 07/01/96. All requests for this RFP shall be submitted in writing and received within 30 days of this notice. Proposals will be due approximately 30 days following release of the RFP. Telephone or facsimile requests for the RFP will not be honored. (0143)

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