HomeMy WebLinkAboutMINUTES - 04182006 - C.62 -2-
TO: BOARD OF SUPERVISORS _... . Contra
FROM: JOHN CULLEN, Costa
COUNTY ADMINISTRATOR »�
DATE: May 2, 2006 °°sr,;-�ou>s:ri �
County
SUBJECT: AMEND CONTRACT WITH PUBLIC PENSION PROFESSIONALS FOR
PENSION CONSULTING AND ACTUARIAL SERVICES
SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS:
APPROVE and AUTHORIZE the County Administrator, or designee, the execute a contract
amendment with Public Pension Professionals to increase the payment limit by $95,000 to a new
payment limit of $215,000 and extending the term from June 30, 2006 to June 30, 2007 for
pension consulting and actuarial services.
FISCAL IMPACT:
This contract amendment will result in an additional general fund expense of $95,000.
REASONS FOR RECOMMENDATIONS/BACKGROUND:
Public Pension Professionals advises the County Administrator's Office on issues concerning the
County's pension benefits. This includes interpreting actuarial data and reports, and projecting
the financial impact of various matters pending before the Retirement Board.
CONTINUED ON ATTACHMENT: ,YES SIGNATURE:
---'------- --------------------------------------------------'------------------ ----------------
�RECOMMENDATION OF COUNTY ADMINISTRATOR _RECOMMENDA ON OF BOARD COMMITT
✓APPROVE OTHER
SIGNATURE(S):
-- - -------- -------------------------------------------ACTION OF
BOARD ON �Y P OVE AS RECOMMENDED OTHER
VOTE OF SUPERVISORS I HEREBY CERTIFY THAT THIS IS A TRUE
,, ,, p AND CORRECT COPY OF AN ACTION TAKEN
AUNANIMOUS(ABSENT /w'-`k I AND ENTERED ON THE MINUTES OF THE
BOARD OF SUPERVISORS ON THE DATE
AYES: NOES: SHOWN.
ABSENT: ABSTAIN:
ATTESTED —"'i/"
CONTACT: Jason Crapo 335.1021 JOHN CU N,CLERK OF THE BOARD OF SUPERVISOR
COUNTY ADMINISTRATOR
CC:
BY DEPUTY