Specifications include, but are not limited to: . Actuarial Calculations 1. KCATA requires a full valuation and disclosure of GASB 43 and 45, draft report and calculations, with work beginning no later than October 30th and due December 15th for the following years 2009, 2011 and 2013. KCATA requires an off year update due December 15th for the following years 2010, 2012 and 2014. 2. An actuarial calculation shall be performed, and shall include, but not necessarily be limited to the following: an explanation of the purpose of the report, a summary of the principal financial results of the actuarial calculation, current financial experience, a description of the census data employed in the calculation and an explanation of any special assumptions made, a summary of statistics of participants, a summary of the basic actuarial calculation results, a statement of actuarial assumptions and method, an outline of benefits, an appraisal of the suitability of assumptions made and references to factors which were not considered, individual participant benefit listings, and information required for audit purposes. 3. The Authority will furnish the actuarial firm with such data or statistical information as may be determined to be necessary for the performances of the calculations described herein and which is available in the records and files of the KCATA. The KCATA maintains data on employees on an IBM AS/400 computer. The KCATA will copy requested data fields, as it is currently maintained on the computer, onto a diskette for transfer to the actuary. However, the KCATA will provide no additional fields nor perform no manipulation of the data. The actuary will be expected to treat all information as confidential. The Kansas City Area Transportation Authority (KCATA) is a bi-state agency offering mass transit service within thegreater Kansas City metropolitan area. KCATA is requesting proposals from qualified firms to provide Actuarial andConsulting Services Relating to Valuation and Disclosure of GASB 43 and 45. The term of the contract shall be for sixyears, three years full valuations and three years off year updates only. The first full year evaluation will include 2009and is due to be completed December 15, 2009
