Project Information

Bid Title

Request for Proposals for Professional Actuarial Services Pension and Other Post-Employment Benefits

Issuing Agency

City of Moorpark

Location

California

Published Date

Jan 7, 2026

Closing Date

Feb 20, 2026

Government Level

State & Local

Status

Closed

Original Source

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Project Description

Bid Title:	Request for Proposals for Professional Actuarial Services Pension and Other Post-Employment Benefits
Category:	Request for Proposals
Status:	Open

Description: NOTICE REQUEST FOR PROPOSALS (RFP)Pension and Other Post-Employment Benefits Actuarial Services Notice is hereby given that sealed proposals will be received by the City Clerk’s Office until February 20, 2026, at or before 5:00 p.m. local time, for performing all work necessary and incidental to: Pension and Other Post-Employment Benefits Actuarial Services, which is further described in the Proposal Packet. For additional information about this Request for Proposal, contact: Gilbert Punsalan, Budget & Finance Manager 323 Science Drive Moorpark, CA 93021 Phone: (805) 517-6226 Email: For security reasons, you must enable JavaScript to view this E-mail address. PROPOSAL DUE DATE: Proposals must be received by, February 20, 2026, no later than 5:00 p.m. Proposals are to be mailed or delivered to the City and clearly marked “Proposal for Actuarial Services”, City of Moorpark, Attn: City Clerk, 323 Science Drive, Moorpark, CA 93021. CITY OF MOORPARK Hiromi Dever, Finance Director Publication Date/Time: 1/7/2026 3:15 PM Closing Date/Time: 2/20/2026 5:00 PM Related Documents: RFP for Actuarial Services B - FF Moorpark City 25-08-21 GASBS75 25-06-30 Report D - FF MoorparkCity 25-10-08 GASBS 68 25-06-30 Report FAQ - Actuarial Services

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CITY OF MOORPARK

REQUEST FOR PROPOSALS

FOR

PROFESSIONAL ACTUARIAL SERVICES FOR

ACTUARIAL VALUATION, ANALYSIS, REPORT AND ACFR

COMPLIANCE ON OTHER POST-EMPLOYMENT BENEFITS (OPEB)

AND

GASB 68 ACTUARIAL INFORMATION FOR CALPERS COST-SHARING

(RISK POOL) PLANS AND GASB 68 ACFR COMPLIANCE

Issue Date:

January 7, 2026

Submittals Due By:

February 20, 2026

by 5:00 PM PST

City of Moorpark

Attn: City Clerk

323 Science Drive

Moorpark, California 93021

CITY OF MOORPARK

NOTICE

REQUEST FOR PROPOSALS (RFP)

Pension and Other Post-Employment Benefits Actuarial Services

Notice is hereby given that sealed proposals will be received by the City Clerk’s Office until

February 20, 2026 at or before 5:00 p.m. local time, for performing all work necessary and

incidental to:

Pension and Other Post-Employment Benefits Actuarial Services, which is further described in

the Proposal Packet.

For additional information about this Request for Proposal, contact:

Gilbert Punsalan

Budget & Finance Manager

323 Science Drive

Moorpark, CA 93021

(805) 517-6226

gpunsalan@moorparkca.gov

PROPOSAL DUE DATE: Proposals must be received by, February 20, 2026, no later than 5:00

p.m. Proposals are to be mailed or delivered to the City and clearly marked “Proposal for

Actuarial Services”, City of Moorpark, Attn: City Clerk, 323 Science Drive, Moorpark, CA 93021.

CITY OF MOORPARK

Hiromi Dever

Finance Director

CITY OF MOORPARK

REQUEST FOR PROPOSALS

PENSION AND OTHER POST-EMPLOYMENT BENEFITS ACTUARIAL SERVICES

TABLE OF CONTENTS

I. INTRODUCTION

1

A. General Information

1

B. Term of Engagement

2

II. NATURE OF SERVICES REQUIRED

2

A. Scope of Work to be Performed

2

B. Working Paper Retention

3

C. Irregularities and Illegal Acts

3

D. Use of Valuations and Reports

4

III. TIME REQUIREMENTS

4

A. Proposal Calendar

4

IV. PROPOSAL REQUIREMENTS

4

A. General Requirements

4

B. Format for Proposal

5

C. Contents of Technical Proposal

5

D. Contents of Cost proposal

7

V. EVALUATION PROCEDURES

7

A. Review of Proposals

7

B. Evaluation Criteria

8

ATTACHMENT A

Cost Proposal Form

9

Standard Billing Rates

9

CITY OF MOORPARK

REQUEST FOR PROPOSALS

PENSION AND OTHER POST-EMPLOYMENT BENEFITS ACTUARIAL SERVICES

I. INTRODUCTION

A. General Information

The City of Moorpark (City) is requesting proposals from qualified professional actuary

firms (Actuary) to perform professional actuarial services of its retiree healthcare program

through CalPERS and actuarial services of its pension cost-sharing plans through

CalPERS. The actuary will need to prepare a bi-annual actuarial valuation for the City’s

Other Post-Employment Benefits/retiree health benefits and provide the associated

information required to comply with Governmental Accounting Standards Board (GASB)

Statement No. 75. The actuary will also need to provide information for the City’s cost

sharing (risk pool) pension plans required to comply with GASB Statement No. 68.

The GASB sets reporting standards for the preparation of financial reports for state and

local governments. The City seeks assistance in the calculation of the actuarial accrued

liability of its OPEB as defined and adopted within GASB Statement No. 75. The actuary

will also provide the City an actuary valuation and the information needed to present the

appropriate assumptions and schedules in its financial statements as required by GASB

Statement No. 75. The valuation will be performed bi-annually but the supplemental

information to comply with GASB Statement No. 75 will be performed annually.

Furthermore, the actuary will provide annually, the information needed to present the

appropriate assumptions and schedules in its financial statements as required by GASB

Statement No. 68 based on the CalPERS actuarial valuation for the City’s Classic

miscellaneous and PEPRA miscellaneous plans Cost-Sharing (risk pools).

There is no expressed or implied obligation for the City of Moorpark to reimburse

responding firms for any expenses incurred in preparing proposals in response to this

request. Materials submitted by respondents become the property of the City of Moorpark

upon its receipt by the City.

During the evaluation process, the City of Moorpark reserves the right, where it may serve

the City’s best interest, to request additional information or clarification from Proposers,

or to allow corrections of errors or omissions. At the discretion of the City of Moorpark,

firms submitting proposals may be requested to make oral presentations as part of the

evaluation process.

The City reserves the right to retain all proposals submitted and to use any idea(s) in a

proposal regardless of whether that proposal is selected. Submission of a proposal

indicates acceptance by the firm of the conditions contained in the request for proposals,

unless clearly and specifically noted in the proposal submitted and confirmed in the

contract between the City of Moorpark and the firm selected.

City of Moorpark

RFP for Pension and Other Post-Employment Benefits Actuarial Services

Page 2

It is anticipated the selection of a firm will be completed by the beginning of March, 2026.

Following the notification of the selected firm, a recommendation and proposed contract

will be prepared for consideration and approval by the City Council at its March 18, 2026

meeting. The City reserves the right to reject any or all proposals, to waive any non-

material irregularities or information in any proposal, and to accept or reject any items or

combination of items.

B. Term of Engagement

It is the intent of the City to contract for the services presented herein for a term of six (6)

years.

The proposal package shall present all inclusive actuarial fees for each year of the

contract term.

II. NATURE OF SERVICES REQUIRED

A. Scope of the Work to be Performed

The City of Moorpark is seeking proposals from qualified actuaries to provide actuarial

services for the City’s Other Post-Employment Benefits (OPEB) as required by GASB 75

and a report for information required by GASB 68.

GASB 75 establishes standards for recognizing and measuring net OPEB liabilities,

related deferred outflows of resources and deferred inflows of resources, and OPEB

expenses in the financial reports of the Commission. All requirements of GASB 75

including note disclosure and required supplementary information about the defined

benefit OPEB plan must be included in the actuarial reports.

The actuary must (at a minimum):

• Ensure compliance with GASB 75

• Prepare the next three actuarial valuations for:

o June 30, 2025 that will provide recommended contributions/plan funding

for fiscal years ended June 30, 2025 and June 30, 2026 for the City’s

audited Annual Comprehensive Financial Report (ACFR) fiscal years

ended June 30, 2026 and June 30, 2027

o June 30, 2027 that will provide recommended contributions/plan funding

for fiscal years ended June 30, 2027 and June 30, 2028 for the City’s

audited Annual Comprehensive Financial Report (ACFR) fiscal years

ended June 30, 2028 and June 30, 2029

o June 30, 2029 that will provide recommended contributions/plan funding

for fiscal years ended June 30, 2029 and June 30, 2030 for the City’s

audited Annual Comprehensive Financial Report (ACFR) fiscal years

ended June 30, 2030 and June 30, 2031

• Provide all documents and information (including the actuarial certification,

funding policy certification, and Excel valuation information spreadsheet)

required by CalPERS for agencies

• Meet with the City (and its auditors if necessary) to discuss and review the

report

• Assist in implementing any new GASB statement and other financial

pronouncements related to OPEB and providing ongoing professional

consultation

Commodity Codes

• NAICS 541611Administrative Management and General Management Consulting Services
• NAICS 541612Human Resources Consulting Services
• NAICS 541990All Other Professional, Scientific, and Technical Services

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