Actuarial Valuation Services for Other Post-Employment Benefits

The City of Festus, Missouri is seeking actuarial valuation services for its Other Post-Employment Benefits program. The agency needs to solve the problem of calculating and reporting its financial obligations for retiree health, dental, and vision benefits. The selected contractor will perform all work offsite to help the agency meet its financial reporting requirements. The scope of work covers a Governmental Accounting Standards Board Statement 75 actuarial valuation of the retiree benefits plans. The agency requires all necessary actuarial calculations, schedules, notes, and supporting disclosures for its financial reporting. Additionally, the contractor must consult with agency staff regarding census data, plan provisions, assumptions, and valuation results, and assist with auditor questions related to the valuation report. Bidders must be organizations based in the United States to be eligible for this opportunity. The agency is requesting proposals that include pricing for the core valuation, alongside optional pricing for future annual updates or full valuations. Bidders must submit all questions regarding this opportunity no later than July 15, 2026, and the agency will accept digital submissions via email or online.