HomeMy WebLinkAboutMINUTES - 05072013 - C.74RECOMMENDATION(S):
APPROVE and AUTHORIZE the County Administrator, or designee, to execute a contract amendment/extension
with Buck Consultants to amend the hourly rates with no change in the total payment limit for benefit design
consulting and to extend the term from October 31, 2012 to September 30, 2013.
FISCAL IMPACT:
The cost of the contract will be paid from the County's cost center for employee benefits, as the services provided by
Buck Consultants concern analysis of employee benefits provided by the County.
BACKGROUND:
In November 2007, the County conducted a Request for Proposals (RFP) for Benefit Design Consultation. The
County required expert consultation on accounting standards for retiree healthcare and other post-employment
benefits (OPEB) described in Government Accounting and Standards Board (GASB) Statement No. 45, "Accounting
and Financial Reporting by Employers for Post-Employment Benefits Other Than Pensions."
Buck Consultants was chosen to
APPROVE OTHER
RECOMMENDATION OF CNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
Action of Board On: 05/07/2013 APPROVED AS RECOMMENDED OTHER
Clerks Notes:
VOTE OF SUPERVISORS
AYE:John Gioia, District I Supervisor
Candace Andersen, District II
Supervisor
Mary N. Piepho, District III
Supervisor
Karen Mitchoff, District IV
Supervisor
Federal D. Glover, District V
Supervisor
Contact: Lisa Driscoll,
925-335-1023
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: May 7, 2013
David Twa, County Administrator and Clerk of the Board of Supervisors
By: June McHuen, Deputy
cc:
C. 74
To:Board of Supervisors
From:David Twa, County Administrator
Date:May 7, 2013
Contra
Costa
County
Subject:Contract Amendment/Extension with Buck Consultants for Benefit Design Consultation
BACKGROUND: (CONT'D)
provide these important compliance services and projections of benefit design costs. Since that time Buck Consultants
has prepared the County's GASB required biennial Other Post Employment Benefit valuations. Buck Consultants has
also analyzed and prepared the County's government code 7507 reports, which cover proposed future costs/savings of
changes in other post employment benefits.
Buck Consultants is a leader in human resource and benefits consulting with more than 1,500 professionals
worldwide. Founded in 1916 to advise clients in establishing and funding some of the nation’s first public and private
retirement programs, Buck is an innovator in the areas of retirement benefits, health and welfare programs, human
capital management, compensation, and employee communication. The County will issue a new request for
proposals in the Fall of 2013. A contract extension is required to give the County adequate time to complete the new
request process.
CONSEQUENCE OF NEGATIVE ACTION:
The County would be without actuarial services while the RFP process was being conducted.
CHILDREN'S IMPACT STATEMENT:
None.