This bid is for GASB 75 other post-employment benefits (OPEB) actuarial services for a client at 1230 West Boone Avenue, Spokane, WA 99201.
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What the job is
Plan size: Approximately 813 active employees; benefits include medical/vision, dental, retiree life insurance, and bus passes. The plan is funded on a pay-as-you-go basis.
Valuation: Calculate benefit values, total and net OPEB liabilities, fiduciary net position, and service cost, separating active employees and retirees; include a 10-year pay-as-you-go cost projection.
Accounting: Provide GASB 75 expense and disclosure schedules, deferred inflows/outflows, and discount-rate and healthcare-trend sensitivity analyses.
Reports: Annual certified PDF reports due February 15, including methods, assumptions, data, and explanations of liability changes; comply with ASOP 41 and actuarial opinion requirements.
Pricing: Provide annual not-to-exceed fees for 2027–2031 and a five-year total, including any travel expenses.