Other Post-Employment Benefit (OPEB) Valuations and OPEB Actuarial Consulting Services

The State Controller's Office (SCO) of California is issuing a Request for Proposal (RFP) to procure actuarial consulting services and valuations related to Other Post-Employment Benefits (OPEB). The procurement requires the selected contractor to deliver comprehensive actuarial consulting services, complete actuarial valuations based on a full-funding policy, and accounting reports that comply with Governmental Accounting Standards Board (GASB) Statements No. 74 and 75, as well as generally accepted accounting principles (GAAP) and other relevant GASB standards. Key deliverables include actuarial funding cost calculations and financial reporting documentation that meets all applicable accounting standards. The successful contractor must possess expertise in OPEB valuations, actuarial consulting, and regulatory compliance with multiple accounting frameworks. The RFP was posted on March 11, 2026, with a proposal submission deadline of April 21, 2026. All required forms and documents must be included with proposal responses, and any submissions received after the stated deadline will be ineligible for review.

The RFP documentation does not specify any set-aside designations, disadvantaged enterprise restrictions, or specific organizational eligibility limitations beyond the technical and professional qualifications required for OPEB actuarial work. No incumbent vendors, current contractors, or existing technology integration requirements are identified in the available procurement information. Similarly, the posting does not disclose a specific award value or budget range for this contracting opportunity. Interested vendors should consult the complete RFP documents, including the Standard Agreement and Exhibit A Scope of Work, for comprehensive details regarding evaluation criteria, submission requirements, and any additional terms and conditions that may apply to this procurement.