Actuarial Services - OPEB / Auditing

This solicitation seeks professional actuarial services to perform Other Post‑Employment Benefits (OPEB) valuations for the City of Worcester over a three‑year base period with two optional one‑year extensions. The contractor must produce both interim roll‑forward valuations and full GASB‑74/75 valuations, update discount‑rate schedules, provide scenario analyses, and assist auditors. The award will be made to the most advantageous proposal, and the City has already identified KMS Actuaries, LLC as the awardee. The contract requires a lump‑sum price for each fiscal year, adherence to public‑records law, and compliance with insurance/bond requirements. • Scope: Full and interim OPEB actuarial valuations, discount‑rate development, scenario analysis, audit assistance. • Term: 3‑year base period (2024‑2026) with two optional one‑year renewals. • Awarded Vendor: KMS Actuaries, LLC (single‑award). • Procurement: Open competition RFP, firm‑fixed‑price, no line‑item breakdown permitted.