Actuarial Services: OPEB

The City of Titusville is seeking the services of a qualified licensed firm to provide actuarial services for the City's Other Post-Employment Benefits (OPEB) liability. The selected firm will be required to prepare and provide a valuation report for the City's OPEB liability, beginning October 1, 2025, and subsequent fiscal years. The firm will also assist the City in complying with the latest Governmental Accounting Standards Board (GASB) Statements 74 and 75. Key requirements for the bidder include being registered to conduct business in the State of Florida, having at least five years of experience providing actuarial services, and having a primary contact with at least five years of experience at the senior actuary level. • The bidder must have provided actuarial services for at least three other self-insured municipal accounts of similar size and demographics within the past five years. • The bidder must maintain all licenses, certifications, and requirements as required by law to perform the work described in the solicitation. • The bidder should have experience with employee benefits, latest Governmental Accounting Standards Board (GASB) Statements, and the measurement, recognition, and display of OPEB expense and related liabilities.