Actuarial Audit Services

The vendor is required to provide that actuarial audit services to the degree necessary for the consultant to express opinions regarding the accuracy and/or reasonableness of the following as of June 30, 2024.
- Validity of valuation data
- Actuarial assumptions   
• Economic
• Demographic
- Actuarial funding method and asset valuation method
• Application of methods   
• Appropriateness of methods
- Replication of valuation results (conduct parallel valuation)
• Present value of benefits
• Development of employer contribution rate
• Reconciliation of any major areas of difference
- Compliance with laws and regulations
• Governmental accounting standards board (GASB)
• Actuarial standards of practice
• Plan provisions
• Applicable federal regulations
- Questions/Inquires Deadline: February 24, 2025