Sacramento Housing And Redevelopment Agency Opengov #2611-KP

SHRA OPEB Actuarial Valuations, Funding Analysis, and GASB 75 Reporting

The Sacramento Housing and Redevelopment Agency is seeking actuarial support for its retiree medical and dental OPEB program. - Government buyer: Sacramento Housing and Redevelopment Agency (SHRA), Finance Department; Procurement Services office. - Services requested: OPEB liability valuations, actuarially determined contribution (ADC) calculations for four designated fund groups and agency-wide, GASB 75 reporting, funding and prefunding analysis, data review, consultation, presentations, and audit support. - Scope and volume: Three valuation cycles and five annual GASB 75 reporting cycles. Each reporting cycle includes reporting for explicit subsidies, implicit subsidies, and combined liabilities. Additional special studies, scenario analyses, and consulting may be requested; no quantities are specified for these optional services. - Requirements: Demonstrated public-sector OPEB and GASB 75 experience, applicable actuarial qualifications and standards, and comparable local-government experience. The solicitation describes valuation timing differently in its narrative and fee schedule, so bidders should confirm the intended schedule in the solicitation documents. - Named organizations and systems: California Employers’ Retiree Benefit Trust (CERBT) is identified as SHRA’s existing prefunding trust, not as the proposed contractor. OpenGov is identified as the proposal submission platform. No actuarial firm, product manufacturer, or OEM is named. - Contract term: Anticipated start in late 2026, with a one-year initial term and up to four additional periods, for a maximum total term of five years.

Description

Sacramento Housing and Redevelopment Agency seeks actuarial services for its Other Post-Employment Benefits (OPEB) program. The work includes actuarial valuations, actuarially determined contribution (ADC) development and analysis, GASB 75 reporting, funded-status and long-term liability analysis, and advice on the Agency’s prefunding strategy. The selected firm will also review relevant plan and participant data and provide reports, consultation, presentations, and audit support. Proposals are due October 29, 2026, and the anticipated contract is for an initial one-year term, with renewals at the Agency’s discretion for a total term of up to five years.

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