Specifications include, but are not limited to: The City seeks to retain the services of an actuarial consulting firm to perform the necessary actuarial services including preparation of a biennial actuarial valuation report for the City OPEB Plan. The firm shall also provide an update in the “off” years. Each report shall include all data necessary to meet the requirements of Governmental Accounting Standards Board (GASB) statements and the requirements of any future GASB pronouncements, as well as the data necessary to prepare any reports required by the federal government relative to the plan. The report shall also set forth the actuary’s recommended employer contribution in dollars and as a percentage of salaries for the City’s fiscal year beginning on the following July 1st both on a gross and net budget impact basis. The actuary shall complete such reports within 60 days after the City has submitted all required census information.