# District of Columbia Cobblestone Systems #CFOPD-23-C-013

Award for Actuarial Services for District of Columbia OPEB Fund

**Posted:** December 02, 2022
**Identifier:** CFOPD-23-C-013
**NAICS:** 541213

This contract award covers actuarial services for the District of Columbia’s Other Post-Employment Benefits Fund (OPEB Fund).
- Government Buyer:
  - District of Columbia Office of the Chief Financial Officer, Office of Contracts (on behalf of Office of Finance & Treasury)
- OEMs and Vendors:
  - Cheiron, Inc. (sole vendor and service provider)
- Services Requested:
  - Annual Full Valuation Actuarial Studies (1 per year, part numbers: 001, 101, 201, 301, 401)
  - Experience Studies (every other year, part numbers: 102, 302)
  - Asset Allocation Studies (as needed)
  - Actuarial consulting labor (Senior Actuarial Consultant and Actuarial Consultant roles, 50 hours each per year, hourly rates from $330 to $390)
  - Additional labor services in Option Year One (129 hours at $345/hour)
- Quantities and Pricing:
  - Full Valuation Actuarial Study: 1 per year, firm fixed prices from $39,000 to $44,500
  - Experience Study: 1 every other year, firm fixed prices from $22,000 to $23,500
  - Actuarial labor: up to 100 hours per year, hourly rates escalate each option year
- Unique/Notable Requirements:
  - Annual actuarial valuations and consulting for OPEB Fund
  - Experience studies required every other year
  - Asset allocation studies as needed
  - Detailed retiree and survivor data, and contribution splits by category for years 2017/2018-2023
  - Contract structured as requirements contract with firm fixed unit prices and four exercised one-year option periods
  - Cumulative contract value up to $253,500
- No products or part numbers for physical goods; all items are professional services

### Description

The District of Columbia Office of the Chief Financial Officer, Office of Contracts, on behalf of the Office of Finance & Treasury (OFT), requires the contractor to provide actuarial services for the annual valuation of the District of Columbia's Other Post-Employment Benefits Fund (OPEB Fund). The contract includes four option periods, each lasting one year, all of which have been exercised. The current contract term runs from October 1, 2026, to September 30, 2027. The contractor for this contract is Cheiron, Inc., located in McLean, VA.

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