ESA-FY23-0145 - Post-Employment Benefits (OPEB) Actuarial Services

Issuing agency:County of Santa Clara, CASee other Bids by this agency Issuing department:EMPLOYEE SERVICES AGENCYSee other Bids by this department Bid Comments: Bid Invitation: Reminder - Only Electronic Submittals This is a Request for Proposal (RFP) for actuarial services for funding valuation of the County of Santa Clara’s Other Post-Employment Benefits (OPEB) program to determine the contribution rate or the Actuarial Determined Contribution (ADC) and for reporting services to provide financial statement reporting requirements under Governmental Accounting Standards Board Statement (GASB) No. 74 (GASB 74) and 75 (GASB 75). The proposed term of the contract is three years beginning on July 1, 2023. The County may extend this agreement one time for an additional two years, which if extended, would result in a total contract length of five years. THIS RFP SOLICITATION REQUIRES ALL PROPOSALS TO BE SUBMITTED ELECTRONICALLY THROUGH PERISCOPE HOLDINGS. NO PAPER, EMAIL OR FAX SUBMISSIONS WILL BE ACCEPTED AND MAY BE DEEMED NONRESPONSIVE. Added on Nov 18, 2022:Please see Addendum # 2 that provides details on the date change to the response to written questions. Added on Nov 21, 2022:Please see Addendum #3 that provides responses to written questions submitted in Periscope. Both the FINAL 6_30_21 GASB 75 Report and FINAL 6_30_2021 OPEB Funding Valuation Report have been uploaded into the document section in Periscope. Please refer to these reports based on the questions asked. Description: Please upload your proposal in response to this RFP. Contract duration:3 years Contract renewal:2 annual renewals Prices good for:30