HomeMy WebLinkAboutR-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.
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City At 0 ey
Maurice A. Ferre
Mayor
CITY COMMSSION
NEDTINQ OF
FEB 14 1985
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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
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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