Government Contract | New Jersey
Actuarial Services

Bid Information

Bid Alert No: 00000481884

Bid Title: Actuarial Services

Agency Bid No. Title: Not Stated

Received Date: 02/10/2016

Close Date: 02/18/2016

Purchase Type: Term:

Delivery Point:

Delivery Date: Not Stated


Specifications include, but are not limited to: 1. Role of the ActuaryThe role of the Actuary is to perform a valuation of the Authoritys OPEB as of December 31, 2015, for inclusion inthe Authoritys 2015 Annual Report. The study must be completed by Friday, April 15, 2016.2. Scope of Actuarial Services to be providedThe selected Actuary will be required to perform the following: Review GASB Standard accounting pronouncements (present and future) related to OPEB benefits. Gather data for the OPEB actuarial valuation. Establish assumptions after discussions with Authority management. Perform actuarial valuation of the Authoritys OPEB for purposes of determining the total unfundedactuarial accrued liability. Perform actuarial valuation of the Authoritys OPEB for purposes of determining the annual requiredcontribution (ARC). Review of possible funding alternatives including graduated funding and a 10, 20 and 30-yearprojection of employer cash costs using various assumptions. Provide the Authority with the actuarial information necessary for inclusion and disclosure in theFinancial Statements and or Comprehensive Annual Financial Report. Show reports for DRPA and PATCO separately and collectively.

Product Code: 94612

Agency Information

Issuing Agency: Delaware River Port Authority

State: New Jersey

Agency Type: State and Local

Contact: Amy L. Ash Delaware River Port Authority, PO Box 1949, 2 Riverside Drive 7th Floor, Camden, New Jersey, 08101

Phone: 856-968-2084

Fax: 856-968-2113




FREE Market Analysis

Get a FREE 90-Day Market Analysis and see the bids you’ve been missing