Specifications include, but are not limited to: The Audit Bureau is seeking one qualified actuarial firm (contractor) to perform an actuarial audit of the County ERS that will include an independent assessment of the actuarial valuation as of January 1, 2023 (valuation date), and the roll-forward of these calculations to December 31, 2023 (measurement date), by the County ERS consulting actuary to meet plan reporting and disclosure requirements under GASB Statement Number 67. The report calculating the December 31, 2023 total pension liability is expected to be available in April 2024. The Contractor will complete a review of the key aspects of the consulting actuary’s valuation of the County ERS as of January 1, 2023, and the roll-forward of the January 1, 2023 valuation to December 31, 2023 (the measurement date), that will be used in preparing the County ERS financial statements, as of and for the year ended December 31, 2023. The Contractor will make an assessment as to whether the consulting actuary's valuation method, procedures, and assumptions were in accordance with actuarial standards of practice, followed the requirements of GASB Statement Number 67, and were applied as stated by the consulting actuary.
