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Actuarial Services

Active
2611-KPState & Local

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

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The Sacramento Housing and Redevelopment Agency (SHRA) is soliciting proposals for a qualified actuarial services firm to manage its Other Post-Employment Benefits (OPEB) program. The primary objective is to obtain professional support for measuring liabilities, supporting funding decisions, and ensuring accurate financial reporting in compliance with GASB 75 standards. The scope of work includes performing full actuarial valuations, developing Actuarially Determined Contributions (ADCs), and providing advisory services for prefunding strategies. The selected contractor will be responsible for delivering reports in electronic PDF and Excel formats and providing ongoing assistance to SHRA staff and independent auditors. The contract is structured for an initial one-year term with options to extend for up to four additional periods, not to exceed five years in total. Performance includes specific valuation reports due as of December 31 for the years 2026 through 2030. Selection is based on a two-stage process where firms must score at least 70 percent on the technical proposal to be considered responsive. Evaluation criteria focus on qualifications, past performance with similar governmental agencies, project team expertise, and the proposed methodology for valuations and GASB 75 reporting. Administrative requirements include the submission of proposals via the Agency's Electronic Bid Portal by October 29, 2026, with an anticipated start date of December 7, 2026. Awardees must maintain appropriate insurance naming SHRA as an additional insured, comply with the Federal Privacy Act of 1974, and certify that they have no conflicts of interest. Subcontracting is generally prohibited. Payment will be made based on itemized invoices referencing a purchase order, with options for task-based, monthly, or quarterly billing.

General Info

SHRA seeks an actuarial firm for OPEB management and GASB 75 financial reporting.

Documents

5

HUD-5369-B Instructions to Offerors Non-Construction

PDF, High priority: read this first2 pages · instructions-to-offerors
High

Sacramento Housing and Redevelopment Agency RFP #2611-KP - Actuarial Services

PDF, High priority: read this firstrfp
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SHRA RFP #2611-KP Actuarial Services

PDF, High priority: read this firstrfp
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SHRA Standard Contract Rev. 9.09.2025

DOCX, High priority: read this first6 pages · contract-document
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Supplemental Instructions to Offerors Non-Construction HUD-5369-B

PDF, High priority: read this first1 page · amendment
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Timeline

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Organization & Contact Information

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AgencyCalifornia → Finance
Contacts2 people available
OfficeSacramento, CA, 95814, USA
Organization / AgencyCalifornia → Finance
Office AddressSacramento, CA, 95814, USA
Contacts
Kay GiuntaAssistant Director of Finance
Keith PeloquinCompliance/Procurement Analyst

Interested Companies (9)

Cavanaugh Macdonald ConsultingKennesaw, GA
MacLeod WattsPortland, OR
Northern Consulting ActuariesLos Angeles, CA

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Full Description

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SHRA sponsors an Other Post-Employment Benefits (OPEB) program for eligible retirees that includes retiree medical and dental benefits. In connection with these benefits, SHRA requires ongoing actuarial services to measure liabilities, support funding decisions, and provide information necessary for financial reporting and long-term planning. The Agency's OPEB program includes both explicit employer-paid subsidies and implicit subsidy liabilities associated with blended active and retiree healthcare premiums, requiring specialized actuarial analysis and periodic review. SHRA has historically taken a proactive approach to OPEB funding and administration. The Agency participates in the California Employers' Retiree Benefit Trust (CERBT) and has used actuarial valuations to establish contribution levels and evaluate the funded status of the plan. Recent actuarial reports have supported development of Actuarially Determined Contributions (ADCs), measurement of total OPEB liability, and preparation of GASB 75 financial reporting disclosures. These services have been an important part of SHRA's broader effort to manage retiree benefit obligations in a fiscally responsible and sustainable manner. SHRA's OPEB program contains multiple plan design features that require careful actuarial evaluation. The Agency maintains different contribution structures for employees based on hire date, including a medical allowance structure for certain retirees and a PEMHCA vesting-based subsidy structure for others. The actuarial work therefore requires not only technical valuation expertise, but also a clear understanding of public-sector retiree healthcare programs, applicable accounting standards, demographic and healthcare trend assumptions, and the funding implications of plan design and experience changes over time. Through this solicitation, SHRA seeks to retain a qualified actuarial services firm with demonstrated experience in public-sector OPEB valuations, funding analysis, and GASB 75 reporting. The Agency is interested in obtaining professional services that are accurate, timely, and clearly communicated, and that will support SHRA in continuing its prudent management of retiree healthcare obligations.

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