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Home My WebLink AboutR-85-0145RESOLUTION Not � _ ��► A RESOLUTION AUTHORIZING THE CITY MANAGER TO ENTER INTO A PROFESSIONAL SERVICES AGREEMENT IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, BETWEEN THE CITY OF MIAMI AND STANLEY, HOtCOMBE & ASSOC, FOR ACTUARIAL EXPERIENCE SERVICES AS REQUIRED BY THE MIAMI CITY GENERAL EMPLOYEES' RETIREMENT PLAN, USING FUNDS THEREFOR NOT TO EXCEED $6,000,00 FROM CURRENTLY APPROPRIATED PUN0S. WHEREAS, under Section 40-234(v) of the Miami City Code, the Miami City General Employees' Retirement Plan Board is required to cause an actuarial investigation to be made into the Plan's experience, and WHEREAS, the Miami. City General Employees' Retirement Plan Board has designated Stanley, Holcombe & Assoc., to conduct such investigation; and WHEREAS, monies for said actuarial experience investigation are available from currently appropriated funds; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The City Manager is hereby authorized to execute a Professional Services Agreement, in a form acceptable to the City Attorney, between the City of Miami and Stanley, Holcombe & Assoc. for professional actuarial experience services to be provided to and as required by the Miami City General Employees' Retirement Plan Board using funds therefor, not to exceed $6,000.00 from Account #440102-00210, Plan Trust and Agency Fund Professional Services/Actuary. PASSED AND ADOPTED this 14th day of February ,1985. all pii v 0 .M SAND CORRECTNESS; +OWW .Ft FesVWWW , City At 0 ey Maurice A. Ferre Mayor CITY COMMSSION NEDTINQ OF FEB 14 1985 loci i10 I �t '+gip MIAMI, I��il�r► NfitR=NFFId€ WMtMbAAN0UM 4 .��r iw,d�`L �� .�.. _�� -=±mac• . -- - - - __.. �:�t',ai:J.GL+I.IL.vi�ii.��.�.��..��1i'r�.i..r.,iMi�..iY LL'.iii'"++�`�a..4.,. �'u:�• •Y, V.wiY .�w�riyy�y —..�.. 'i - ••._G�YY�►•i JJ�...J .� .Y5i�3r.iOI�Yd�ii 11 CITY OF MIAMI, FLORIDA INTER -OFFICE MEMORANDUM TO: Honorable Mayor and Members of the City Commission FROM: Lucia A. Dougherty City Attorney DATE: January 24, 1985 F,LE:J-85-113 "I'L`professional Services Agreement Resolution REFERENCES: Actuarial Services for Pension Board (System) ENCLOSURES: Resolution The Pension Department has requested that we prepare the attached Resolution allowing -hat the City Manager enter into a Professional Services Agreement with Stanley, Holcombe & Assoc. for actuarial services as required in Section 40-206(s)(w) of the Miami City Code. This is a specific requirement of the Code which mandates that the Board shall designate and select an actuary who shall be the technical advisor to the Board in matters regarding the operations of the funds and shall make annual actuarial valuation of the assets and liabilities of the funds of the Retirement System. The Retirement Board has selected Stanley, Holcombe & Assoc. as their actuary and the City Attorney's office will review and approve any contractual agreement. The estimated cost of this work should be no greater than $100000.00. LAD/AQJ/cm Enc. tit? Of MIAML FLORIBA 1Ntr=ft-bftft1dft MP-M614AN15UM ... .. ....... .. ... t6 bAtJanuary 20, Honorable Mayor and ftfibeta of the city Cammiagion subAct: Ada6lutibna relative to the pension Plan & pension systefft Lucia A. Dougherty ofe - -ents City Attorney Wiley% eo=e socly tNCLOBRES: The attached Resolutions replace the Resolutions sent to you under cover memo dated January 24, 1985. (See attached copy of same). Please destroy the prior Resolutions, The City Clerk is receiving the original of these replacement Resolutions. LAD/AQJ/cm Enc. cc: Randolph Rosencrantz,City Manager Ralph G. Ongie, City Clerk 85-145 Eight Piedmont Center/suite 310 3525 Piedmont Road, NX, • Atlanta, GA 30305 (404) 262.7522 i 61" 8I: MIAMI, PL-ORIBA INTI OPPICI= MEM014ANDUM f6: Honorable Mayor and Members of the City Commission Ph6m ,ucia A. Dougherty City Attorney bAtt January .4 r 1988 OIL*: J-85.112 tubiketProfassional Services Agreement (Pension Plan) k0t At Nett: Iesolution tt14CLOSUOtt3: The Pension Department has requested that we prepare the attached Resolution allowing that the City Manager enter into a Professional Services Agreement with Stanley, Holcombe & Assoc, for actuarial experience services as required in Section 40i234(v) of the Miami Code, This is,a specific re- quirement of the Code which mandates that at least once in each three (3) year period an actuarial investigation to be made into the mortality, service and compensation experience of the PLAN be performed. The Retirement Board has selected Stanley, Holcombe & Assoc, ta.perform the three (3) year experience study and the City Attorneys office will review and approve any con- tractual agreement. The estimated cost of the study is not greater than $6,000.00 as set forth in the letter of October 23, 1985 from Randall L. Stanley, the principal actuary at Stanley, Holcombe & Assoc. LAD/AQJ/cm Enc. 85-145 Eight Piedmont Center/Suite 310 + 3525 Piedmont Road, N.E. - Atlanta, CA 30305 • (404) 262.7522 5-w14 di" i5ft MIAMI. PWK15A INtElk-OPPICk MEMORAN15UM Honorable Mayor and Members bAft: JaftU&rY 24, 1985 of the City Uftniaaian SUBA-dProfeasional Servicea Agreement Resolution Lucia A. Dougherty APPERENdts: Actuarial Serviced for City Attorney Pension Board (System) P-NcLosunr-s: Resolution The Pension Department has requested that we prepare the attached Resolution allowing that the City Manager enter into a Professional Services Agreement with Stanley, Holcombe & Assoc. for actuarial services as required in Section 40-206(a)(w) of the Miami City Code, This is a specific requirement of the Code which mandates that the Board shall designate.and select an actuary who shall be the technical advisor to the Board in matters regarding the operations of the funds and shall make annual actuarial valuation of the assets and liabilities Of the funds of the Retirement System. The Retirement Board has selected Stanley, Holcombe & Assoc. as their actuary and the City Attorney's office will review and approve any contractual agreement. The estimated cost of this work should be no greater than $10,000.00. LAD/AQJ/cm Enc. 85-IL45 IF!& Piedmont Center/Suite 310 - 3525 Piedmont Road, KE. - Atlanta, GA 30305 - (404) 262.7522 4". 2 I1 6 �i ombe sociates, Inc. October 23, 1984 0o Et..6 i;;'! pEp j, r, " r.,t:oor Ms. Elena Rodriguez Administrator Miami City Employees' oc Retirement System Post Office Box 330708 `c'c Miami, FL 33133 C•' THREE-YEAR EXPERIENCE ST.UD% L Dear Ms. Rodriguez. Please accept this letter as the commitment of our firm, Stanley, Holcombe b Associates, Inc., to perform the three-year experience analysis for the Retirement Plan for the period ending December 31, 1984. Our consulting fee for this project will be based on our normal time charges plus expenses. In no event will the total charge exceed $6,O00. If you have questions, or if we may help further, please let us know. Sincerely, Randall L. Stanley, F.S.A. Consulting Actuary b Principal � (= 4 y � RLS/dp ~' ' Eight Piedmont Centcr/Suite 310 • 3525 Piedmont Road, N.E, + Atlanta, 0A 30305 , W)4i 262=7522 ER�y