Government Contract | Texas
GASB VALUATION & LCRA RETIREMENT BENEFITS BOARD OF TRUSTEES ACTUARIAL VALUATION SERVICES

Bid Information


Bid Alert No: 00000444777

Bid Title: GASB VALUATION & LCRA RETIREMENT BENEFITS BOARD OF TRUSTEES ACTUARIAL VALUATION SERVICES

Agency Bid No. Title: RFP 9992

Received Date: 12/21/2015

Close Date: 01/07/2016

Purchase Type: Not Stated

Delivery Point:

Delivery Date: Not Stated

Specifications

Specifications include, but are not limited to:Supplier will perform regular and ongoing actuarial services for the LCRA Retirement Benefits Board of Trustees (LCRA-RBBT).Supplier may be requested to:-Provide Annual Actuarial Valuation report - for the LCRA retirement plan (Plan year begins April 1st and ends March 31st of each year.) The report should include at a minimum:oStatement regarding the condition of the planoRecommend contributions for the plan year (annual and bi-weekly)oExecutive summary of the reportoA detailed report including all assumptions, tables and calculations used to determine the recommended contributions-Supplier will provide a presentation and be present to answer questions regarding the report at a scheduled Board of Trustees meeting. -Perform an annual actuarial valuation, based on the plans fiscal year, and report of the LCRA Qualified Governmental Excess Benefits arrangement, in accordance with the Internal Revenue Code (IRC) Section 415(m).oThe Supplier is to identify those current employees of LCRA who may become participants of the 415(m) Plan and to identify a reserving pattern that would reflect potential benefits payable from such plan. oThe report should include at a minimum:Recommended Reserve IncreaseAllocated Assets/ReserveReserve Increase Funding MethodologyAssumptions

Product Code: 94612

Agency Information


Issuing Agency: Lower Colorado River Authority (LCRA)

State: Texas

Agency Type: State and Local

Contact: 3700 Lake Austin Blvd., Austin, Texas

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