Governmental Accounting Standards Board Actuarial Valuation Services

A government authority located in California is seeking a vendor to provide actuarial valuation and advisory services related to the Governmental Accounting Standards Board. The agency needs to comply with GASB Other Postemployment Benefits reporting and disclosure requirements for the fiscal years ending June 30, 2027, and June 30, 2028, using data from June 30, 2026. This project solves the agency's need for compliant GASB 73 and GASB 74/75 valuation services and the necessary material for its annual comprehensive financial report. The scope of work covers GASB 73 and 74/75 actuarial valuations and the preparation of required financial report disclosures. The selected vendor must also provide additional actuarial advisory and consulting services on an as-needed basis as determined and requested by the city. The agency requires a partner with experience in providing actuarial and consulting services to large, complex public sector clients. Only onshore organizations based in the United States are eligible to bid on this opportunity. The agency expects the performance of all contracted work to take place offsite. The contract period will span two years, and the agency is currently looking for proposals to determine the budget. Bidders must submit all questions regarding this opportunity no later than June 16, 2026. The agency has not disclosed specific evaluation criteria in the initial request, relying on the submitted proposals to evaluate the offerings.