Provide other postemployment benefit (OPEB) actuarial services for inclusion in RTA’s Annual Comprehensive Financial Report (ACFR) as of December 31, 2024, as well as subsequent OPEB actuarial valuations, roll-forward updates, and services on a biennial basis through fiscal year ending December 31, 2027. The awarded firm shall provide a final report that satisfies the Governmental Accounting Standards Board (GASB) Statements No. 74, Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans, and No. 75, Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions, disclosure requirements for OPEB, any future GASB pronouncement, or accounting governmental reporting requirements, which must be issued no later than 90 days after the end of the fiscal year. In the final report, the awarded firm shall help the RTA understand the OPEB liability and funding level options and shall recommend actuarial and economic assumptions appropriate for the RTA based on plan benefits, anticipated funding levels, and the current economic environment.
