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The City of Corona wishes to employ the services of a qualified professional actuarial firm to determine the future liability in compliance with Governmental Accounting Standards Board (GASB) Statement No. 75 for accounting and financial reporting for the City’s Post-Employment Benefits Other than Pensions (OPEB). The City wishes to determine the cost of future liabilities associated with providing post employment benefits other than pensions for its present and future retirees. The primary objectives for this actuarial valuation include: 1. Ensure compliance with GASB Statement 75. 2. Determine OPEB related valuation and roll-forward data for June 30, 2020 and June 30, 2021. 3. Prepare necessary information for inclusion in the City’s Comprehensive Annual Financial Report (CAFR) for the fiscal years ending June 30, 2020 and June 30, 2021. This includes drafting, in its entirety, the note to the financial statements for inclusion in the City’s financial statements that conforms to all of the requirements of GASB Statement 75; and all of the required supplementary information required by the same. 4. Assistance in implementing any new GASB statements and other financial pronouncements related to OPEB and providing professional consultation.

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