HomeMy Public PortalAboutR3370 Actuarial Services - MillimanRESOLUTION NO. 3370
WHEREAS, the adoption of Resolution No. 3370 will exercise option year four (4)
of the contract previously authorized by Ordinance No. 13716, adopted September 12, 2013, 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., whereby Milliman, Inc. would provide
actuarial services for the District’s Pension Plan, Defined Contribution Plan, accrued sick leave
program and vacation accrual, as well as GAB 45 Post Retirement Benefits Reporting; and
consultant services for the District’s Risk Management division.
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 fourth
(4th) of four (4) option years to renew said contract for an additional one-year term.
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 fourth one-year renewal term the contract with
Milliman, Inc., whereby Milliman Inc. would provide actuarial services for the District’s Pension
Plan, Defined Contribution Plan, accrued sick leave program and vacation accrual, as well as GAB
45 Post Retirement Benefits Reporting; and consultant services for the District’s Risk Management
division, 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 September 14, 2017.