North County Transit District Planet bids #37113

Actuary Services

The North County Transit District (NCTD), managed by Procurement & Contracts Administration, awarded a contract to multiple actuarial firms, including Actuarial Consulting Group LLC, for the preparation of the OPEB GASB actuarial valuation reports covering fiscal years 2026 through 2029. The contract involves producing full and limited scope reports for each fiscal year, with specific line items for each year's report. The awarded services include actuarial analysis and reporting to comply with GASB 75 standards. The primary location associated with the award is Oceanside, California, within San Diego County. The procurement process involved several firms, with Actuarial Consulting Group LLC, Nicolay Consulting Group, and The Howard E. Nyhart Company, Inc. among the bidders. The award was posted on February 20, 2026, with responses due by April 2, 2026, and the award was pending at the time of the document.

Description

North County Transit District (NCTD) is seeking a qualified actuarial firm to prepare the NCTD's Other Post Employment Benefit (OPEB) GASB actuarial valuation report in accordance with Governmental Accounting Standards Board Statement No. 75 (GASB 75), Accounting and Financial Reporting for Postemployment Benefits Other than Pensions. The award includes preparation of OPEB actuarial reports for fiscal years 2026 through 2029, alternating between full and limited scope reports.

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