20-018 - Actuarial Services of Other Post-Employment Benefits (OPEB)

Macomb Township is seeking sealed proposals from firms that provide actuarial valuations and related financial disclosures of Other Post-Employment Benefits (OPEB).  The Township intends to contract with a qualified firm to provide Actuarial Services necessary to report accrued retiree health insurance liabilities in compliance with the Government Accounting Standards Board (GASB) Statement No. 74 and 75 that establishes accounting and financial reporting standards for the measurement, recognition and disclosure of OPEB expenses and liabilities.