HomeMy WebLinkAboutMINUTES - 08252009 - C.88RECOMMENDATION(S):
APPROVE and AUTHORIZE the County Administrator, or designee, to execute a contract
with Buck Consultants, in an amount not to exceed $200,000 for pension consulting for the
period of April 1, 2009 through June 30, 2011.
FISCAL IMPACT:
The cost of the contract will be paid out of the cost center for employee pensions and
benefits.
BACKGROUND:
Buck Consultants , LLC (Buck) has previously helped Contra Costa County with GASB 45
compliance and Other Post Employment Benefit (OPEB) analysis. With the guidance of
Buck, the County reduced its OPEB liability by nearly two-thirds.
Buck is an expert in Pension Liability Management. This contract will allow the County to
address the rising pension costs which is unsustainable in it's present form. Buck will assist
the County in the development of alternative benefit formulas and will provide cost savings
analysis for each proposed alternative.
APPROVE OTHER
RECOMMENDATION OF CNTY
ADMINISTRATOR
RECOMMENDATION OF BOARD
COMMITTEE
Action of Board On: 08/25/2009 APPROVED AS RECOMMENDED OTHER
Clerks Notes:
VOTE OF SUPERVISORS
AYE:Gayle B. Uilkema, District
II Supervisor
Mary N. Piepho, District III
Supervisor
Susan A. Bonilla, District
IV Supervisor
Federal D. Glover, District
V Supervisor
Contact: Lisa Driscoll,
335-1023
I hereby certify that this is a true and correct copy of an action taken and entered on the minutes
of the Board of Supervisors on the date shown.
ATTESTED: August 25, 2009
David J. Twa, County Administrator and Clerk of the Board of Supervisors
By: Celicia Nelson, Deputy
cc:
C. 88
To:Board of Supervisors
From:David Twa, County Administrator
Date:August 25, 2009
Contra
Costa
County
Subject:Contract with Buck Consultants