Actuarial Valuation Services

The City of Delray Beach is seeking a firm to provide actuarial valuation services for its Other Post-Employment Benefits (OPEB) liability. The selected firm will be required to provide a roll-forward report and a full actuarial valuation report. The city's OPEB plan is a single employer plan that includes three groups: the City, the Community Redevelopment Agency (CRA), and the Downtown Development Authority (DDA). The city is seeking a firm to provide these services for a period of two years, with the option to renew for two additional one-year periods. The city's budget for this contract is $4,000 for the first year and $4,000 for the second year. • The firm will be required to provide a roll-forward report and a full actuarial valuation report. • The city's OPEB plan is a single employer plan that includes three groups: the City, the CRA, and the DDA. • The firm will be required to provide services for a period of two years, with the option to renew for two additional one-year periods. • The city's budget for this contract is $4,000 for the first year and $4,000 for the second year. • The firm will be required to submit their proposal electronically through the city's procurement portal.