Specifications include, but are not limited to: The City of Sun Prairie (City) is seeking quotes from vendors to conduct an actuarial valuation study of the City’s other post-employment benefits (OPEB) liability for its existing health benefit program. This valuation shall be completed in a manner that complies with the valuation requirements of GASB 75. The FY 2023 valuation will be a full valuation, followed by a “roll forward” valuation that will be provided for FY 2024. The City is requesting the vendor to produce a Public Statement of Actuarial Opinion (PSAO) in accordance with the Qualification Standards of the American Academy of Actuaries, one for each valuation year, along with any other final annual reports as necessary in order to provide all information per GASB 75.
