Governmental Accounting Standards Board Actuarial Valuation Services

A government authority in California is seeking a vendor to provide Governmental Accounting Standards Board (GASB) actuarial valuation and advisory services. The agency needs to comply with GASB Other Post-Employment Benefits (OPEB) reporting and disclosure requirements for the fiscal years ending June 30, 2027, and June 30, 2028, using data from June 30, 2026. The selected provider will solve this compliance need by delivering GASB 73 and GASB 74/75 valuation services, along with the necessary materials for the agency's annual comprehensive financial report. The scope of work covers the required actuarial valuations as well as as-needed actuarial advisory and consulting services requested by the city. The agency is contracting for a period of two years, and the service provider will perform all work offsite. Bidders must have experience providing actuarial and consulting services to large, complex public sector clients. Eligibility is restricted to onshore organizations based in the United States. The agency has not disclosed a specific budget and is looking for proposals to determine the cost. Bidders must submit all questions regarding this opportunity no later than June 16, 2026.