Metro Water Recovery

Buyer seeks proposals from experienced and qualified actuaries or actuarial firms to provide financial risk assessment services. Services include performing actuarial valuations for both the Defined Benefit Retirement Plan and Other Post Employment Benefits Plan. The DB Plan is closed to new employees hired after January 1, 2013 and has approximately 549 participants including 134 active participants. The buyer requires ongoing actuarial consulting, plan valuation, compliance with GASB requirements, and participant benefit calculations.

• 5/29/2025 - Written Inquiry Deadline
• 6/4/2025 - Response to Written Inquiries
• 6/18/2025 - Proposal Due Date
• 7/23/2025 - Oral Presentations

• Perform annual actuarial valuation for Defined Benefit Retirement Plan
• Calculate Actuarially Determined Contribution for DB Plan
• Prepare GASB 67/68 financial disclosures
• Present results to Defined Benefit Retirement Board
• Conduct experience study analyzing demographic and economic assumptions
• Provide actuarial consultation on technical and policy issues
• Prepare employee retirement benefits statements for active employees
• Develop tool for staff to perform benefit calculations
• Verify benefit calculations for retiring employees
• Perform biennial actuarial valuation for OPEB Plan
• Provide GASB 75 disclosures for OPEB Plan
• Attend quarterly DB Board meetings
• Inform client about retirement industry trends and developments
• Provide fiduciary education to DB Board members
• Maintain and reconcile employee retirement data
• Perform calculations for QDRO and death benefits
• Deliver annual reports on inactive participants
• Calculate cost of potential 2% COLA increases
• Analyze investment return rates and inflation assumptions
• Complete actuarial valuations by February 26th deadline