Public-Sector OPEB Actuarial Services

The Sacramento Housing and Redevelopment Agency is seeking an actuarial firm to perform public-sector OPEB valuations, develop actuarially determined contributions, provide GASB 75 reporting, and advise on retiree healthcare funding.

Sacramento Housing and Redevelopment Agency


General
Open (open)
2611-KP
Oct 29, 2026 10:00 PM
1 year base + 4 × 1 year options
Request for Proposal (RFP)
Local
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Original Solicitation Links
Contact
ps@shra.org
+19164496296
801 12th Street, Sacramento, CA, USA
Submission Instructions
Description

The Sacramento Housing and Redevelopment Agency seeks a qualified actuarial firm to support its retiree medical and dental Other Post-Employment Benefits program. The scope includes actuarial valuations as of December 31, 2025, December 31, 2027, and December 31, 2029; measurement of explicit and implicit subsidy liabilities; development of actuarially determined contributions for four designated fund groups and the Agency as a whole; data review and validation; assumption and method analysis; and reconciliation of changes in liabilities. The consultant must provide GASB 75 reporting support for fiscal years ending December 31, 2026 through December 31, 2030, including explicit-subsidy, implicit-subsidy, and combined reports, supporting schedules, sensitivity disclosures, audit support, presentations, and consultation with Agency staff, management, the governing Board, and the independent auditor. Proposers must demonstrate relevant public-sector OPEB experience, at least five years of similar work for local governmental agencies of comparable size, qualified actuarial credentials, three similar local-government references, and the ability to provide the required technical proposal and detailed pricing proposal. The contract is for one year with up to four additional periods, for a maximum total term of five years; subcontracting is generally prohibited.

Classification Codes
NAICS541219Other Accounting Services
PSCG008Other Government Insurance Programs
Smart Codes
opeb actuarial servicesgasb 75 reportingretiree healthcare funding analysis
Specifications
Service Only
Timeline
Sep 30, 2026-RFP Issued
Oct 15, 2026 06:00 PM-First Pre-Proposal Meeting (optional)
Register in advance; a confirmation email will provide joining information.
Oct 20, 2026 11:00 PM-Request for Information Due
Oct 22, 2026 11:00 PM-Addendum Issued, if Necessary
Oct 29, 2026 10:00 PM-Proposals Due
Nov 16, 2026-Notice of Award, Anticipated
Dec 7, 2026-Contract Start, Anticipated
Requirements
Required
  • Commercial General Liability — $1,000,000.00
  • Automobile Liability — $1,000,000.00
  • Workers Compensation and Employers Liability — $1,000,000.00
  • Professional Liability — $1,000,000.00
  • Cyber Liability — $1,000,000.00
Scored
  • Minimum 3 references
  • Client point of contact required for each reference
No
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