Specifications include, but are not limited to: A project plan for the actuarial services engagement to be performed under this RFP for the valuation of OPEB. The project plan should include, at a minimum, the following: Approach and methodology for the valuation Approach and methodology to ensure compliance with GASB standards Data requirements from the University Schedule for project completion and issuance of report Valuation report elements to include: Actuarial present value of total projected benefits Actuarial accrued liability OPEB assets Unfunded actuarial accrued liability Normal cost Annual required contribution as a dollar amount and as a percentage if Payroll Annual OPEB cost Net OPEB obligation Summary of data used for the valuation Summary of actuarial methods and assumptions
