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Pension Plan Actuarial Services


Location
Delaware
Publication Date
06/26/2019 11:58 AM EDT
Closing Date
07/19/2019 04:00 PM EDT
Issuing Organization
City of Seaford
Solicitation Number
Description

Specifications include, but are not limited to: Actuarial services related to the City of Seaford, Delaware Pension Plan for General Employees and Postretirement Welfare Plan. A. Pension Plan for General Employees 1. An annual actuarial valuation report for purposes of determining required contributions from the City. 2. An annual actuarial valuation report for accounting purposes in compliance with Governmental Accounting Standards Board Statement No. 67 and 68. 3. Calculation of annual benefit statements to be distributed to participants. 4. Calculation of benefits payable from the Plan for individual participants. 5. Meeting with City staff to review valuation report results and present to City Council. 6. Responding to auditor questions. 7. Keeping City apprised of any changes in local or federal regulations applicable to the Plan. B. Postretirement Welfare Plan 1. An annual actuarial valuation report for accounting purposes in compliance with Governmental Accounting Standards Board Statement No. 75. 2. Responding to auditor questions. C. Valuation Reports 1. Valuation reports should be prepared annually using data supplied as of July 1st and delivered to the City by October 1st. 2. The annual benefit statements should be provided to the City by September 1st each year.

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