The City of Salem is seeking proposals from qualified actuarial firms to perform actuarial valuation services for its Other Post-Employment Benefits (OPEB) plan. The primary objective is to ensure compliance with Governmental Accounting Standards Board Statement 75, which governs accounting and financial reporting for post-employment benefits other than pensions. The selected consultant will evaluate the City’s implicit liability associated with retiree healthcare benefits, including current employees, retirees, and COBRA participants. The work includes preparing actuarial reports, calculating liabilities, and supporting required financial disclosures and supplementary information. The City operates a self-insured health plan and requires a comprehensive valuation conducted every two years. The consultant will use demographic and plan data provided by the City and deliver findings that support financial reporting and long-term fiscal planning. This engagement ensures regulatory compliance and accurate assessment of the City’s benefit obligations.