DOCUMENT

RFP - Actuarial Services 2008

  • YEAR CREATED: 2008
  • ENTITY TYPE: County
  • TYPE OF DOCUMENT: RFP - Request for Proposals
The Camden County Board of Commissioners is seeking actuarial services to assist in the implementation of Governmental Accounting Standards Board (GASB) Statement No. 45 for its post-employment benefits other than pensions (OPEB). They require an actuarial valuation to determine the county's liability related to OPEB. The actuarial valuation should be performed in accordance with GASB 45 and applicable actuarial standards. The requirements of GASB 45 will be effective for the county's financial statements starting from July 1, 2007. The proposal should include services such as analyzing data, preparing actuarial valuations, preparing necessary material for financial reporting, analyzing the feasibility of establishing a trust, and providing recommendations on managing the OPEB liability. The successful proposer should be able to make presentations to the county's executive staff and governing body and maintain ongoing communication throughout the project. The proposer must be a full-service consulting firm with expertise in actuarial services, especially GASB 45, and should demonstrate successful implementation in at least three comparable operations. The proposal should include information about the firm, the proposed team, methodology, sample report, estimated time and timeline, rates and fees, references, liability limits, and a sample arrangement letter or contract. The firm should also affirm its independence from the county and disclose any potential conflicts of interest. Additionally, the proposal should provide any other relevant information that would assist the County in making a selection.
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