Other Post-Employment Benefit Valuations and Actuarial Consulting Services

RFP Available to Prospective Proposers: March 11th, 2026

Written Questions Submittal Deadline: March 16th, 2026 by 5:00 p.m. PT

Written Questions & Answers Released: March 20th, 2026 by 5:00 p.m. PT

Final Date for Proposal Submission: April 21st, 2026 by 2:00 p.m. PT

Evaluation of Proposals: April 22nd, 2026 through May 6th, 2026

Interviews: May 11th, 2026 through May 13th, 2026

Notice of Intent to Award: May 13th, 2026

Proposed Award Date: May 21st, 2026

Agreement Begins: July 1st, 2026 or upon DGS approval, whichever is later

Actuary to Analyze Claim Data, Prior Year Valuation Data: August 31st, 2026

Demographic Data and Census Information Available for Actuary: October 15th, 2026

Actuary to Provide Preliminary OPEB Results to SCO for Sample Actuarial Valuation (AV) Groups: December 15th, 2026

SCO to Provide OPEB Change Requests to the Actuary (if necessary): January 15th, 2027

Actuary to Provide First Draft OPEB Report to SCO: February 1st, 2027

SCO to Provide OPEB Change Requests to the Actuary (if necessary): March 15th, 2027

Actuary Provides Second Draft OPEB Report to SCO: April 1st, 2027

Actuary Provides OPEB Report Presentation to the SCO-State Accounting and Reporting management: May 3rd, 2027

(if necessary) Actuary shall make all requested changes: May 24th, 2027

Actuary Provides “Preliminary Final” OPEB Report to SCO: June 7th, 2027

SCO Provides Approval of the OPEB Preliminary Final Report to the Actuary: June 14th, 2027

Actuary Provides OPEB Report Presentation to SCO: June 18th, 2027

Final OPEB Report Provided to SCO: June 25th, 2027

Actuary Provides Additional OPEB Report Presentations: TBD

A government authority in California is seeking a vendor to provide other post-employment benefit valuations and actuarial consulting services. The scope includes delivering actuarial valuations that provide actuarial funding cost analyses under a full-funding policy, and preparing accounting reports with actuarial calculations that comply with all applicable Governmental Accounting Standards Board (GASB) statements, including GASB 74 and GASB 75, as well as generally accepted accounting principles (GAAP) and other relevant GASB standards.

The selected firm will be responsible for ensuring that all valuations and reports adhere to the latest regulatory requirements and best practices for postemployment benefits other than pensions, facilitating the government's compliance with financial reporting mandates.