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WILLIAM M. <br /> MEJZCEIZ MEIDINGEJZ HANSEN <br /> WCORPORATED <br /> May 2, 1989 <br /> Mr. Ron Lappi, Jr. ' <br /> Director of Finance <br /> City of Decatur <br /> ��1 Civic Center Plaza <br /> Decatur, Illinois 62523 <br /> � Dear Ron: <br /> We are pleased to provide the following proposal to the City of <br /> Decatur for actuarial services in connection with the Police and <br /> Firemen's Pension Funds. <br /> Proposed Services <br /> Described below are the basic services to be provided for the plan <br /> year beginning May 1, 1989 for both the Police and Firemen's 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 I <br /> 4) Funding calculations <br /> 5) Calculation of pension disclosure information <br /> 6) Preparation of reports <br /> 7) Presentation of reports <br /> Fees <br /> Mercer Meidinger Hansen's fees are based on the time required and <br /> out-of-pocket expenses incurred to complete an assignment. The <br /> maximum fees to complete the basic services are as follows: <br /> Police Pension Fund $ 5,500 <br /> Firemen's Pension Fund 5.200 <br /> Total $10,700 <br /> A Martih & Mc Lennan Company <br /> 10 South Wacker Drive • Chicago, Illinois 60606-7485 • 312-902-7500 <br />