GASB 75 OPEB Liability Actuarial Valuation for Fiscal Year 2026

The City of Clermont is seeking quotes from qualified actuarial firms to prepare an updated GASB 75 OPEB Liability Actuarial Valuation Report for the fiscal year ending September 30, 2026. The selected firm will provide all professional actuarial services necessary to complete the GASB 75 valuation, including review of information provided by the City, preparation of an actuarial valuation, evaluation of the City's retiree health benefit structure, and development of actuarial assumptions and methods. The firm will also coordinate with City staff and the City's external auditors as needed and deliver the final report within the required completion timeframe. Key services include: * Review of information provided by the City, including employee census data, retiree information, health plan information, premium rates, benefit provisions, and prior valuation reports * Preparation of an actuarial valuation of the City's Other Postemployment Benefits liability in accordance with GASB 75 requirements * Evaluation of the City's retiree health benefit structure, including applicable medical, dental, prescription drug, and related health benefit coverage * Development of actuarial assumptions and methods appropriate for the valuation, including demographic, economic, healthcare cost trend, discount rate, mortality, retirement, turnover, and participation assumptions, as applicable * Calculation of the City's Total OPEB Liability, Service Cost, Interest Cost, Deferred Outflows and Inflows of Resources, OPEB Expense, and other required accounting and disclosure amounts * Provision of estimated GASB 75 results for the fiscal year ending September 30, 2027, for potential use in the following fiscal year, subject to auditor approval * Preparation of a final written actuarial valuation report suitable for inclusion in the City's annual financial reporting and audit process * Coordination with City staff and the City's external auditors as needed to respond to questions, clarify valuation results, and support audit review.