GASB 75 Other Post-Employment Benefits Actuarial Services

Spokane Transit Authority (STA) requests proposals for offsite GASB 75 other post-employment benefits actuarial services. The selected vendor will measure, display, and recognize expenses and liabilities for retiree health benefit programs to ensure compliance with Governmental Accounting Standards Board Statement No. 75. Scope of work includes determining present value of future benefits, total OPEB liability, fiduciary net position, and net OPEB liability for eligible retirees' medical, dental, and life insurance, as well as bus passes. The contractor must also supply GASB 75 accounting disclosures, sensitivity analyses, and schedules of deferred inflows and outflows. This opportunity is open to US organizations, and proposers may utilize subcontractors while remaining responsible for all work. Questions, clarifications, and requests for approved equals must be submitted by October 20, 2026, at 4:00 PM Pacific Time, following an optional pre-proposal conference on October 13, 2026, at 2:30 PM Pacific Time. Proposals are due by November 2, 2026, at 4:00 PM Pacific Time and must include an introduction, management and work plans, references, financial capacity evidence, and completed response forms. STA anticipates awarding a five-year contract, though specific budget amounts are not stated.