HomeMy Public PortalAboutR3783 ST Actuarial Consultant Resolution 083022RESOLUTION NO. 3783
WHEREAS, Resolution No. XXXX will exercise option year three (3) 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
fourth (4th) 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 fourth 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 September 8, 2022