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OPEB Actuarial Valuation and GASB 75 Compliance Services

Active
State & Local

Contract Overview

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This subcontract for OPEB Actuarial Valuation and GASB 75 Compliance Services involves providing professional actuarial valuations and financial reporting for prime contractors working on Sacramento Housing and Redevelopment Agency projects. The selected qualified actuarial professionals will be responsible for preparing retiree healthcare OPEB liability measurements and GASB 75 reports, which must include detailed analysis of both explicit and implicit subsidies. Utilizing specialized actuarial modeling software, the contractor will produce comprehensive valuation reports and GASB 75 reporting packages covering fiscal years 2026 through 2030. The opportunity was posted on September 30, 2026, with a response deadline of October 29, 2026, falling under NAICS code 541330.

General Info

Actuarial services for OPEB valuations and GASB 75 compliance for Sacramento Housing projects.

Place of Performance

CA, USA

Set-Aside

NONE

Documents

This scope was carved out of 2611-KP.

The full solicitation package (5 documents), including the RFP, is on the prime solicitation, not on this scope.

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Actuarial Services

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Organization & Contact Information

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AgencyCalifornia → Finance
ContactsNo contacts available
OfficeN/A
Organization / AgencyCalifornia → Finance
Office AddressN/A
ContactsNo contact information available

Full Description

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Performs professional actuarial valuations and financial reporting for prime contractors on Sacramento Housing and Redevelopment Agency (SHRA) projects. Prepares retiree healthcare OPEB liability measurements and GASB 75 reports including explicit and implicit subsidy analysis. Uses actuarial modeling software to produce reports for fiscal years 2026-2030. Requires qualified actuarial professionals. Delivers Actuarial Valuation Reports and GASB 75 reporting packages.

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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.
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