Financial Advisory Services – Pension and OPEB Projections and Funding Strategies

Agency: City of San Fernando
Contact: Nick Kimball (nkimball@sfcity.org)
Phone: 8188987307
Deadline: 11/08/2018
More: RFP Detail Online

The City of San Fernando is interested in contracting with an experienced financial advisor consulting firm to provide pension and other post-employment benefit (OPEB) cost projections and related strategies to fund those liabilities.

City staff presented an analysis and projection of the City’s long-term pension and OPEB costs and related funding strategies to City Council on August 20, 2018. The report is available for review on the City’s website:

Item No. 9: http://ci.san-fernando.ca.us/wp-content/uploads/2018/08/8-20-18-CC-Packet.pdf

City Council has directed staff to prepare a Request for Proposals for financial advisor services to prepare a long-term projection of pension and OPEB obligations and propose various strategies to fund those obligations.