The Audit Bureau is seeking one qualified actuarial firm (contractor) to perform an actuarial audit that will include three components: 1. GASB Statements Number 67 and 68 Roll-Forward Component – an independent assessment of the roll-forward procedures performed to roll-forward the consulting actuary’s valuation of the WRS as of December 31, 2017 (the valuation date), to December 31, 2018 (the measurement date) to meet plan and employer reporting and disclosure requirements under GASB Statements Number 67 and 68 . 2. Funding Valuation Component - an independent verification and analysis of the assumptions, procedures, and methods used by the WRS consulting actuary for the active and retiree lives actuarial valuation of the WRS as of December 31, 2018 (valuation date).This audit will involve the performance of a full replication of the calculation of the December 31, 2018 active and retired lives actuarial valuation. This component of the audit will also include an independent review of the three-year experience study for the period January 1, 2015, through December 31, 2017. 3. GASB Statements Number 67 and 68 Component - an independent assessment of the actuarial valuation as of December 31, 2018 (valuation date), and the roll-forward of these calculations to December 31, 2019 (measurement date), by the WRS consulting actuary to meet plan and employer reporting and disclosure requirements under GASB Statements Number 67 and 68.

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