C-101169 RFP 12-23 - 2022 - 2025 Police and Fire pension and OPEB Actuarial Valuations

The City of Vancouver has awarded a contract to Healthcare Actuaries LLC for actuarial valuation services for the City's police and fire pension and OPEB plans. The contract is for a period of four years, from March 8, 2023, to March 7, 2027. The scope of work includes preparing actuarial valuation reports, annual financial statement balances, and other reports and schedules necessary for governmental reporting. The contract also includes provisions for other actuarial services, such as benefit cost estimates, actuarial studies, and plan document preparation. The contract has a maximum compensation of $82,000.00 USD. • The contract is governed by the laws of the State of Washington. • The City of Vancouver is an equal opportunity employer. • The contract includes provisions for termination, including termination for convenience and termination for default. • The contract requires the contractor to obtain and maintain liability insurance, workers' compensation insurance, and professional liability insurance. • The contract includes provisions for payment, including a payment schedule and a requirement for the contractor to submit monthly invoices. • The contract includes provisions for changes to the scope of work and compensation, including a requirement for written amendments signed by all parties.