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Actuarial Services
5/16/2025
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Fountain Valley, CA
Municipal Water District of Orange County
Buyer seeks qualified professional actuarial firms to serve as their retained independent actuary. The selected firm will perform actuarial consulting services to value Other Post-Employment Benefits (OPEB) in compliance with GASB 75. Services are needed for financial statements as of June 30, 2025, with potential for a five-year contract.
- 4/23/2025 - Release of RFP to Vendors
- 5/2/2025 - Deadline for Written Questions
- 5/16/2025 - Proposal Due Date
- 5/19/2025 - Proposal Review
- 5/26/2025 - Vendor Selections
Refer to RFP
- Perform OPEB valuation compliant with GASB 75
- Determine actuarial present value of total projected benefits
- Calculate actuarial accrued liability and unfunded liability
- Prepare OPEB assets valuation
- Calculate normal cost and annual required contribution
- Provide annual OPEB cost analysis
- Determine net OPEB obligation
- Prepare financial notes for audited statements
- Assist with implementing new GASB statements
- Provide ongoing professional OPEB consultation
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