Actuarial Analysis

The Greater Dayton Regional Transit Authority (RTA) is seeking a competent firm to prepare actuarial analyses of the workers' compensation reserve and retiree death benefit plans. The selected consultant will be required to employ at least two employees who are members of the American Academy of Actuaries and/or are an associate of the Consulting Actuarial Society. The scope of work includes estimating ultimate losses and allocated loss adjustment expenses, calculating loss reserves, and discounting reserves to a present-value basis. The contractor will be required to provide a list of references, identify personnel involved in the project, and explain how their work will lay the foundation for any actuarial audits in the future. • The contract duration is 36 months. • The contractor must comply with all applicable federal laws, regulations, and requirements. • The contractor must provide a quote for the total fixed cost for the workers' compensation and self-insured retiree death benefit plan reserve actuarial study for each year. • The contractor must provide an estimated not-to-exceed amount for expenses.