Government Contract | New York
ACTUARIAL SERVICES FOR THE FINANCIAL STATEMENTS

Bid Information


Bid Alert No: 00000484549

Bid Title: ACTUARIAL SERVICES FOR THE FINANCIAL STATEMENTS

Agency Bid No. Title: 2016 - 04

Received Date: 02/12/2016

Close Date: 02/24/2016

Purchase Type: Not Stated

Delivery Point: Albany, New York

Delivery Date: Not Stated

Special Notices: Bidder Preregistration

Specifications

Specifications include, but are not limited to: Provide an actuarial valuation report in conformance with GASB Statement No. 45 Accounting and Financial Reporting by Employers for Post-employment Benefits Other Than Pensions. Pertinent City Data is attached hereto as Attachment A. 4.2 Prepare a report including required footnotes for 2015 and 2017. Provide the City, on a bi-annual basis, with the completed GASB 45 financial statement and footnote disclosures required for its Comprehensive Annual Financial Reports issued during the contract term, beginning with the Fiscal Year ending December 31, 2015 and issued during the contract term and prepare the annual gain/loss analysis to determine reasons for changes in the unfunded actuarial accrued liability. Such work shall address and highlight the following assumptions: a)Turnover; b)Retirement Age; c)Disability Retirement Age; d)Mortality; e)Inflation Rate; f)Healthcare Cost Trend Data for the Geographic region of the City; g)Amortization Timeframe; h)Investment Return; i) Post-retirement Benefit Increases. 4.3 Determine the implicit rate subsidy, if any, and the impact it would have on the OPEB liability. 4.4 The selected proposer shall keep the City closely involved with the progress of the work and appraised of all material developments in this matter.

Bid Related Documents

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Product Code: 94612

Agency Information


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Issuing Agency: City of Albany/IPT

State: New York

Agency Type: State and Local

Contact: Ken Bennett 24 Eagle Street, Room 106, Albany, New York, 12207

Phone: 518-434-5028

Email: kbennett@albanyny.gov

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