RFP-RH-07-041 - Actuarial Services

Summary of Specifications:
The City of Rochester Hills is seeking information regarding actuarial professionals who will perform Other Post employment Benefit (OPEB) valuations (triennially) for the City of Rochester Hills “supplemental retiree healthcare program” and perhaps other actuarial services for the City. It is the City’s desire to have the valuation report all necessary information the City will need to report in its CAFR, as required by the Government Accounting Standards Board (GASB) for OPEBs, including calculations to potentially establish a fully funded trust (or agency fund). 

The purpose of this Request for Proposal (RFP) is to outline the City’s requirements for actuarial services and solicit proposals from which the City may gain adequate information to evaluate such services.