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Other Post-Employment Benefits (OPEB) Actuarial Services

11/11/2024
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Fremont, CA

Alameda County Water District

The buyer is seeking qualified firms to provide consulting services for valuation of Other Post-Employment Benefits (OPEB). The services are required to comply with all Government Accounting Standard Board (GASB) accounting and financial reporting requirements. The agreement will be for a three-year base term with two one-year options to renew. The selected consultant will perform biennial actuarial valuations and provide related reports and presentations.

  • 10/15/2024 - Pre-Proposal Meeting
  • 10/21/2024 - Questions & Requests for Clarifications Due
  • 10/24/2024 - Addendum Issued
  • 11/11/2024 - Proposal Due Date
  • Be a professional actuarial service firm providing valuations for post-employment benefit plans
  • Have minimum 5 years experience providing services to public agencies similar to District
  • Principal or lead actuary must be Associate or Fellow of Society of Actuaries
  • Prepare biennial OPEB valuation and required supplementary information
  • Determine benefit obligations, Actuarially Determined Employer Contribution, and funding status
  • Provide separate annual GASB 75 accounting information reports
  • Prepare amortization schedules for advanced funding of pension and OPEB
  • Assist in implementing new GASB statements related to OPEB
  • Make presentations of valuation results to staff and committees
  • Respond to annual auditor's information requests for ACFR

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