Annual Audit of Pension and Other Post Employment Benefit Reports Services

The vendor is required to provide audit services to the office, division, for the state’s agent multiple-employer defined benefit pension plans and for the state’s agent multiple-employer defined benefit other postemployment benefits (OPEB) plans.
- The pension related schedules specifically support the allocation of pension liabilities, and OPEB related schedule specifically support the allocation of OPEB liabilities, to state agencies that issue revenue bonds or have other statutory financial reporting requirements
- Net pension liability, deferred outflows of resources, deferred inflows of resources, and total pension expense included in the accompanying schedule of pension amounts by plan as of and for each fiscal year under the agreement.
- Whether the census data properly reflects the current benefit provisions in effect at the end of each fiscal year, as reflected in the state’s elected contract provisions of various collective bargaining agreements; and
- Whether the census data properly excludes deceased and ineligible members.
- Have access to payroll records, employee census data, and other documents held by office, and other state departments, which constitute personally identifiable information (PII) and protected health information (phi) (hereafter collectively referred to as “information assets”).
- Only third parties that have signed agreements regarding the information assets containing terms that are equivalent to, or stricter than, the terms of this section may be granted access to information assets.
- Meet with and/or work with other state agencies, independent auditors, or authoritative bodies as deemed necessary to perform and complete the prescribed duties.
- Perform services independently from office staff, where required by professional standards.
- Provide a liaison and a backup liaison who will communicate with office for all matters and promote effective communication and performance with the office contract manager or designee.
- Perform services in cooperation with other state-contracted vendors.
- Ensure the independent auditor’s reports, financial statement publications, and supporting work papers are free of technical, and/or other errors in accordance with professional standards.
- The total budget for the three-year agreement is $2,061,000.00.

- Contract Period/Term: 3 years
- Questions/Inquires Deadline: September 3, 2025