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R91-83 AUTHORIZING AN AGREEMENT WITH WILLIAM M. MERCER, INCORPORATED
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R91-83 AUTHORIZING AN AGREEMENT WITH WILLIAM M. MERCER, INCORPORATED
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7/25/2016 4:55:53 PM
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Resolution/Ordinance
Res Ord Num
R91-83
Res Ord Title
AUTHORIZING AN AGREEMENT WITH WILLIAM M. MERCER, INCORPORATED FOR ACTUARIAL STUDIES OF THE POLICE AND FIRE PENSION FUNDS
Approved Date
6/3/1991
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WILLIAM M. <br /> MFRCEIZ <br /> INCORPORATED <br /> May 2, 1991 <br /> Ms. Beth Counter <br /> Director of Finance <br /> C�ty of Decatur <br /> #1 Civic Center Plaza <br /> Decatur, Illinois 62523 <br /> Dear Beth: <br /> We are pleased to provide three copies of the following proposal to the City of <br /> Decatur for actuanal services in connection with the Police and Firefighters' Pension <br /> Funds. <br /> Proposed Services <br /> Described below are the basic services to be provided for the plan year beginning <br /> May 1, 1991 for both the Police and Firefighters' Fund. <br /> 1) Collection of data for active and inactive participants <br /> 2) Preparation of data for valuations <br /> 3) Review of asset statements supplied by City or Trustee <br /> 4) Funding calculations • <br /> 5) Calculatians of pension disclosure information i <br /> 6) Preparation of reporu <br /> 7) Mailing of the reports <br /> ee <br /> Mercer'� fees are based on the time required and out-of-pocket expenses incurred to <br /> complete an assignment. <br /> During the past year we have begun using our new valuation and data handling <br /> system which will improve the efficiency of our operation. This improved efficiency <br /> allows us to make the following fee commitment: <br /> 10 South Wacker Drive <br /> Chicago IL 60606 7485 <br /> , Telephone 312 902 7500 <br /> A Marsh & McLennan Com�an�� <br />
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