Actuarial Services RFP 2026

The New York State Olympic Regional Development Authority is soliciting proposals for a qualified actuarial firm to provide independent valuation and consulting services. The primary objective is the preparation of actuarial valuations and related disclosures for Other Postemployment Benefits (OPEB), ensuring full compliance with Governmental Accounting Standards Board (GASB) requirements, specifically GASB 74 and 75. Beyond these core valuations, the selected consultant may be tasked with additional actuarial studies, projections, experience analyses, and benefit modeling to support the Authority's financial reporting, budgeting, and financial planning. The contract is structured with an initial one-year term starting January 1, 2027, with the possibility of four annual renewals. A critical performance window is established for the first year, with the valuation process beginning by February 22, 2027, and final reports due by April 30, 2027. Award will be based on a Best Value procurement process, evaluating firm qualifications, GASB expertise, methodology, and cost. Proposers must meet strict requirements regarding professional liability insurance, data encryption, and cybersecurity governance, and must disclose any use of artificial intelligence in their service delivery. Submissions are due by December 3, 2026, and must be delivered physically to the Authority's office in Lake Placid, New York.