DATE: April 4, 2016
TO: Board of Mayor and Aldermen
FROM: Eric Stuckey, City Administrator
SUBJECT:
title
Consideration of Contract 2016-0092, an Agreement with Acuff and Associates for Retirement Plan Administration (04/14/16 Finance 3-0)
body
Purpose
The purpose of this memo is to provide information to the Franklin Board of Mayor and Aldermen (BOMA) concerning an agreement with Acuff & Associates for actuarial valuation and other services necessary to administer the City of Franklin Employees’ Pension Plan
Background
The scope of work is listed on Schedule B in the attached document
Financial Impact
The final cost of the services proposed is subject to the number of employees in the plan. The base fee is $14,000 per year plus additional fees where provided.
Recommendation
rec
Staff recommends approval of the agreement.