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Spokane Transit Authority
· Other government entity
· Washington
Governmental Accounting Standards Board 75 Other Post-Employment Benefits Actuarial Services
PROPOSALS DUE
November 02, 2026, 4:00 pm PST
17 days left
WHAT THEY WANT
(Summarized from the RFP)
Spokane Transit Authority (STA) is seeking a qualified actuarial firm or individual actuary to provide annual Other Post-Employment Benefits (OPEB) actuarial valuations that comply with Governmental Accounting Standards Board Statement No. 75 (GASB 75). GASB 75 sets the standards for measuring, displaying and recognizing OPEB expenses and liabilities, and STA needs these valuations to account for the retiree benefits it provides. The most recent full valuation, for 2025, put the net OPEB liability at $6,959,959. STA funds the liability on a pay-as-you-go basis and has not pre-funded any portion of it.
DOCUMENT SET
4 documents
· 4.4MB
CHANGES SINCE PUBLISHED
1 change
WHAT OTHERS ASKED
5 questions answered
▶
Commercial Professional Liability aggregate limit decrease from $4,000,000 to $3,000,000.
Compliance
▶
Incorrect proposal due date in section 1.4.
Administrative
▶
Will STA accept fixed fee pricing, as opposed to not-to-exceed pricing?
Pricing
▶
Please provide actuarial fees paid during the two most recent fiscal years and indicate whether those fees include any special consulting projects.
Pricing · Incumbent
▶
Please provide the two most recent GASB 75 reports.
Scope/requirements
ABOUT THIS RFP
RFP number
2026-11262
Budget
Not Assigned
Published
Entity type
Other government entity
State
Washington
Summarized from the Spokane Transit Authority portal.
HOW TO SUBMIT
Submit the proposal as a PDF through STA's Dropbox file request link (https://www.dropbox.com/request/x8yckoh5v22wdhw6kwvy), labeled with the solicitation name and number. Organize it under Sections A through G as specified, including the signed Proposal Response Form (Attachment A) with its submittal checklist, the Price Proposal Form (Attachment B) and an IRS Form W-9. Proposers must meet Washington business registration requirements at submittal. Direct all questions and redlines to the Sample Agreement (Word, track changes) to Procurement Coordinator Amie Blain at ablain@spokanetransit.com. STA may request an original with wet signatures.
NAICS CODES & TAGS
541990
541219
Financial and Tax Advisory Services
Financial Audit and Accounting Services
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Changes since published
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What others asked
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