When is the submission deadline?

Submissions are due November 2, 2026. Questions must be submitted by October 20, 2026.

It was issued by Spokane Transit Authority. The work is located in Spokane, Washington, United States.

Who is a good fit for this opportunity?

Actuarial consulting firm specializing in GASB 75 and public-sector OPEB valuations. Demonstrated experience calculating retiree healthcare liabilities and fiduciary net positions. Strong knowledge of governmental accounting disclosures and sensitivity analyses. Experience serving government authorities and public employee benefit programs.

GASB 75 Other Post-Employment Benefits Actuarial Services (Due November 2, 2026)

Overview

Financial, Legal, HR & Staffing

Spokane, Washington, United StatesPosted: October 2, 2026Deadline: November 2, 2026

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SUMMARY

A Spokane, Washington government authority seeks actuarial services to measure and report other post-employment benefits in accordance with GASB 75. The engagement covers OPEB liability calculations, sensitivity analyses, and required accounting disclosures.

KEY REQUIREMENTS

Must be a qualified firm or individual capable of providing GASB 75 actuarial services
Must be in good standing and qualified to do business in the State of Washington
Must be registered with the Washington State Department of Revenue and the Washington Secretary of State
Must possess and maintain all required licenses and approvals
Must meet insurance requirements as stated in the Sample Agreement
Must provide a minimum of five references for similar projects completed within the previous five years
Must provide evidence of financial capacity upon request

CONTRACT DURATION

60 months

TIMELINE

RFP Issued: October 1st, 2026

Pre-Proposal Conference: October 13th, 2026

Deadline for Questions: October 20th, 2026

Proposal Due Date: November 2nd, 2026

Evaluation Period: November 3rd – 19th, 2026

Contract Execution: November 19th, 2026

QUESTION DEADLINE

October 20, 2026

CONTACTS

Primary procurement contact — name, title, email, and phone

Additional decision-makers and their departments

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Issuing Agency

Spokane Transit Authority

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DESCRIPTION

A government authority in Spokane, Washington, is seeking actuarial services for its other post-employment benefit programs in compliance with Governmental Accounting Standards Board Statement No. 75 (GASB 75). The services will support the measurement, presentation, and recognition of expenses and liabilities associated with retiree health benefits, including medical, dental, life insurance, and bus pass benefits.

The actuarial studies must determine the actuarial value of benefits for active employees and retirees, including the present value of future benefits, total OPEB liability, fiduciary net position, and net OPEB liability. The engagement must also provide GASB 75 accounting information and disclosures, including schedules of changes in total OPEB liability and fiduciary net position, required discount rate and healthcare cost trend sensitivity analyses, and schedules of deferred inflows and outflows of resources.

Questions must be submitted by October 20, 2026. A pre-bid meeting is scheduled for October 13, 2026, and proposals are due November 2, 2026.

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Frequently asked questions

When is the submission deadline?: Submissions are due November 2, 2026. Questions must be submitted by October 20, 2026.
Who issued this RFP?: It was issued by Spokane Transit Authority. The work is located in Spokane, Washington, United States.
Who is a good fit for this opportunity?: Actuarial consulting firm specializing in GASB 75 and public-sector OPEB valuations
Demonstrated experience calculating retiree healthcare liabilities and fiduciary net positions
Strong knowledge of governmental accounting disclosures and sensitivity analyses
Experience serving government authorities and public employee benefit programs

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Settle pieces together buyer signals, budgets, contract activity, and the sources your team already monitors. See why an opportunity fits and what to do before the RFP posts.

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