File #: 16-0335    Version: 1 Name: Contract 2016-0092 Acuff Associates
Type: Contract/Agreement Status: Passed
File created: 4/4/2016 In control: Board of Mayor & Aldermen
On agenda: 4/26/2016 Final action: 4/26/2016
Title: Consideration of Contract 2016-0092, an Agreement with Acuff and Associates for Retirement Plan Administration (04/14/16 Finance 3-0)
Sponsors: Eric Stuckey, Russ Truell
Attachments: 1. Retirement Plan Administration Agreement 2016_0092

 

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.