Actuarial Services

Sacramento Housing & Redevelopment Agency (SHRA) is seeking actuarial services to support the measurement, funding, and financial reporting of its Other Post-Employment Benefits (OPEB) program, with proposals due October 29, 2026. SHRA administers the Housing Authority of the City of Sacramento, the Housing Authority of the County of Sacramento, and itself; SHRA has historically prefunded OPEB obligations through the California Employers' Retiree Benefit Trust (CERBT) at or above actuarially determined contribution levels.

The selected vendor will provide actuarial valuation and advisory services including development of actuarially determined contributions, preparation of GASB 75 financial reporting, analysis of funded status and long-term liability trends, and evaluation of the Agency's prefunding strategy. SHRA emphasizes that the engagement requires technical rigor, responsiveness, and the ability to communicate complex actuarial concepts to management and stakeholders in practical terms. The Agency is seeking a high-quality vendor with demonstrated public-sector OPEB experience and strong actuarial credentials who can go beyond compliant reporting to provide strategic advisory services — helping leadership understand emerging risks, evaluate funding options, explain key drivers of liability change, and support informed decision-making on long-term sustainability of retiree healthcare obligations.

Offers must be submitted through SHRA's Electronic Bid Portal. Questions regarding the solicitation must be submitted through the Electronic Bid Portal by a deadline specified in the full solicitation materials (not stated in the source documents provided). Offerors must acknowledge receipt of any addenda through the portal.

SHRA's standard contract template provides for flexible payment terms (monthly, quarterly, invoice-based, or task-based), with a maximum contract amount subject to written amendment. Contractors must maintain Commercial General Liability Insurance with minimum limits of $1 million per occurrence and $2 million aggregate; Automobile Liability Insurance of at least $500,000 if applicable; Workers' Compensation Insurance meeting statutory limits; and Cyber Liability Insurance of $1 million minimum if applicable. All work product becomes the Agency's property. The contract is governed by California law with exclusive jurisdiction in Sacramento County.