This bid is for retiree healthcare actuarial services at 801 12th Street, 2nd Floor, Sacramento, CA 95814.
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What the job is
Plan: Retiree medical and dental benefits covering 236 active employees, 267 benefit recipients, and 38 deferred participants as of December 31, 2023; includes explicit and implicit subsidies and CERBT trust assets.
Valuations: Three full OPEB valuations as of December 31, 2025, 2027, and 2029, with actuarially determined contributions for four fund groups and a combined total.
Reporting: Annual GASB 75 reporting for 2026–2030, with separate explicit subsidy, implicit subsidy, and combined reports each year, supporting schedules, and audit assistance.
Support: Data validation, one kickoff meeting, one staff review meeting and one presentation per valuation and annual reporting cycle. Provide PDF reports and editable schedules upon request.
Term and pricing: Anticipated start December 7, 2026; one year with up to four annual extensions. Itemize valuation and reporting fees, include travel, and separately price additional meetings and studies.
XL Eagle