File #: 16-0337    Version: 1 Name: Contract 2016-0093 Acuff - Pension Plan
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 2016-0093, an Agreement with Acuff & Associates for Actuarial Services related to the City of Franklin Employees Pension Plan (04/14/16 Finance 3-0)
Sponsors: Eric Stuckey, Mike Lowe
Attachments: 1. Retirement Plan Actuarial Services Agreement 2016_0093

 

DATE:                                                               April 4, 2016

 

TO:                                          Board of Mayor and Aldermen

 

FROM:                                          Eric Stuckey, City Administrator

                     

                                          

SUBJECT:                                          

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Consideration of Contract 2016-0093, an Agreement with Acuff & Associates for Actuarial Services related to the City of Franklin Employees Pension Plan (04/14/16 Finance 3-0)  

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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 to provide actuarial services for the City Pension Plan related to the City’s financial reporting requirements.  

 

Background

The scope of work is listed on Schedule B in the attached document 

 

Financial Impact

The final cost of the services proposed is $10,500 per year plus additional fees where provided. 

 

Recommendation

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Staff recommends approval of the agreement.