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R90-58 AUTHORIZING AN AGREEMENT WITH WILLIAM M. MERCER, INCORPORATED
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R90-58 AUTHORIZING AN AGREEMENT WITH WILLIAM M. MERCER, INCORPORATED
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8/4/2016 3:10:43 PM
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8/4/2016 3:10:43 PM
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Resolution/Ordinance
Res Ord Num
R90-58
Res Ord Title
AUTHORIZING AN AGREEMENT WITH WILLIAM M. MERCER, INCORPORATED FOR ACTUARIAL STUDIES OF THE POLICE AND FIRE PENSION FUNDS
Approved Date
5/7/1990
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M <br /> ' ,�'; -` �f' ���. � <br /> , , <br /> ���� � �� � <br /> April 10, 1y90 <br /> Ms. Beth Couter <br /> Director of Finance <br /> Citv of Decatur <br /> #1 Civic Center Plaza <br /> Decatur, Illinois 62�23 <br /> Dear Ms. Couter: <br /> We are pleased to provide the following proposal to the Citv of Decatur t'or <br /> actuarial services in connection with the Police and Firemen's Pension Funds. <br /> Proposed Services <br /> Des..ribed below are the basic services to �e �rovided for the plan year <br /> beginning lVlay l, 1990 for both the Police and Firemen's Fund. <br /> 1) Collection of data for active and inactive participants <br /> 2) Preparation ot dataforvaluations . <br /> 3) Review of asset statements supplied by Cirv or Trustee <br /> �+) Funding calculations <br /> 5� Ca�cuiatiorts c�f pension disclos�lre �ntormati�n <br /> 6} Preparation of reports <br /> 71 Presentation of reports <br /> Fees <br /> Nlercer's fees are based on the time �equired and out-of-pocket eYpenses <br /> incurred to complete an assignment. The m�imum fees to complete the basic <br /> services are as follows: <br />
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