Actuarial Services - Other Post Employment Benefit Analysis (OPEB)

The City of Tarpon Springs is seeking proposals for a five-year contract to provide actuarial services related to Other Post Employment Benefits (OPEB), specifically focusing on retiree health and related benefits. The solicitation, identified as RFP 260010-P-JL, was issued on October 1, 2025, with a submission deadline of October 30, 2025. The contract aims to support the city's compliance with GASB 75 standards by obtaining detailed actuarial valuations, assumptions, and projections that will inform the city's financial accounting and reporting for retiree benefits. The expected contract value ranges between $50,000 and $150,000, and proposals must be submitted electronically in accordance with the outlined guidelines. Supporting documents provide context for the scope of work, including recent actuarial valuation reports, summaries of employee benefit programs, and financial data related to the city's health plans. The City’s employee benefits package encompasses medical, dental, vision, life, disability, and supplemental coverage, with detailed enrollment and cost information for the 2025-2026 period. The actuarial services sought will help ensure accurate valuation and reporting of the city’s OPEB obligations, aligning with accounting standards and supporting financial transparency. The comprehensive background underscores the importance of precise actuarial analysis to manage and project the city’s long-term retiree benefit liabilities effectively.