HomeMy Public PortalAboutR3620 Acturial Consulting Resolution-ddRESOLUTION NO. 3620
WHEREAS, Resolution No. 3620 will exercise option year two (2) of the contract
previously authorized by Ordinance No. 15032, adopted October 11, 2018, which authorized the
Executive Director and Secretary-Treasurer on behalf of The Metropolitan St. Louis Sewer District
to enter into a contract with Milliman, Inc. (Milliman), whereby Milliman will provide actuarial
services for the District's Pension Plan, Defined Contribution Plan, Deferred Compensation Plan,
accrued sick leave program, vacation accrual, GASB 67 and GASB 68 Pension Accounting
Reporting, GASB 75 OPEB Reporting and consultant services.
WHEREAS, said contract provided for an initial term of one (1) year with four (4)
additional one-year renewal terms at the option of the District; and
WHEREAS, The Metropolitan St. Louis Sewer District desires to exercise its
second (2nd) of the four (4) option years to renew said contract.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF
THE METROPOLITAN ST. LOUIS SEWER DISTRICT THAT, the Executive Director and
Secretary-Treasurer are hereby authorized on behalf of The Metropolitan St. Louis Sewer District
to exercise the District's option to renew for the second one-year renewal term the contract with
Milliman, whereby Milliman will provide actuarial services for the District's Pension Plan,
Defined Contribution Plan, Deferred Compensation Plan, accrued sick leave program, vacation
accrual, GASB 67 and GASB 68 Pension Accounting Reporting, GASB 75 OPEB Reporting and
consultant services, and said contract renewal shall be comprised of such other terms and
conditions as are approved by the Office of the General Counsel of the District.
The foregoing Resolution was adopted on October 8, 2020.