Sturgeon County Bidsandtenders #2026-097

Actuarial Services for Retirement Liability Estimation for Sturgeon County

Sturgeon County is seeking actuarial services to estimate its retirement liability for annual financial statement audits. - Government Buyer: - Sturgeon County, Corporate Finance and Treasury department - OEMs and Vendors: - No specific OEMs or vendors are mentioned - Services Requested: - Actuarial services to calculate future employee post-retirement liability - No products, part numbers, or purchase quantities specified - Unique Requirements: - Actuarial review to be performed every 3 to 4 years - Results to be used as a standard for ongoing financial reporting - Complex computations and assumptions required for liability estimation - Outcome disclosed in annual financial statements

Description

Sturgeon County requires actuarial services to estimate the County's retirement liability for its Annual Financial Statement Audit. This involves complex computations using various assumptions to determine the future employee post-retirement liability for financial reporting. The County's Corporate Finance and Treasury department seeks a third party to perform these actuarial services every 3-4 years. The actuarial valuation outcome will serve as a standard for future estimations and support annual financial reporting.

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