This Solicitation opportunity from Washington was posted on September 25, 2024. The submission period has ended. Browse the details below for market research, or find similar active opportunities.

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LEOFF1 Medical Fund Actuarial Study (GASB 75)

Closed

RFP #24096State & Local

Submission Closed10/18/2024, 12:00:00 AM UTC

Contract Overview

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

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NAICS: 524298

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City of Moreno Valley

POSTED

27 days ago

DEADLINE

in 29 days

AI Contract Overview

The City of Bellevue requires a comprehensive actuarial valuation of the LEOFF 1 retiree medical benefits funds every two years to ensure compliance with legal requirements and GASB standards. This biennial assessment is essential for maintaining accurate financial reporting and understanding the long-term financial health of the retiree medical benefits program. Additionally, the city will need to update the relevant data every other year to support its Annual Comprehensive Financial Report (ACFR), ensuring that the financial statements reflect current and accurate information regarding the retiree benefits. The contract, titled "LEOFF1 Medical Fund Actuarial Study (GASB 75)," is part of a solicitation process with a response deadline of October 18, 2024, and is managed under the solicitation number RFP #24096. The project is expected to have a contract value ranging from $50,000 to $150,000 and is conducted within the state of Washington. The City of Bellevue, a government agency, seeks qualified providers to perform these actuarial services, which are critical for financial transparency and regulatory compliance related to retiree medical benefits for LEOFF 1 members.

General Info

Agency

Washington → City of Bellevue

NAICS

524298 - All Other Insurance Related Activities

Place of Performance

WA, USA

Set-Aside

NONE

Documents

No documents available

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Timeline

PhaseClosed

PostedSep 25

Solicitation

Response DeadlineOct 18

Deadline has passed

Submission Closed

10/18/2024, 12:00:00 AM UTC

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Organization & Contact Information

AgencyWashington → City of Bellevue

ContactsNo contacts available

OfficeN/A

Organization / AgencyWashington → City of Bellevue

Office AddressN/A

ContactsNo contact information available

Full Description

The City of Bellevue is required to have a full actuarial valuation of the LEOFF 1 retiree medical benefits funds every two years to remain in compliance with the law and GASB standards. In addition, the city will require an update of data every other year for the purpose of the City’s Annual Comprehensive Financial Report (ACFR).