HomeMy WebLinkAboutFee Schedule & SOW LEOFF 1, Milliman, Inc.Attachment A - Fee Schedule and Statement of Work
Fee Schedule For Valuing Firefighters’ Pension Fund and
Fees
Actuarial Valuation of Pension Benefits*12/31/2024 GASB 73 financial reporting and
1/1/2025 actuarial valuation: $13,000 $ 13,000
Plus: $25 per member and per beneficiary of deceased
member 800
Subtotal $ 13,800
Actuarial Valuation of Retiree Medical and Long-
Term Care Benefits*
12/31/2024 GASB 75 financial reporting and
1/1/2025 actuarial valuation: $21,000 $ 21,000
Plus: $25 per member 800
Subtotal $ 21,800
Meetings and Other*Billed for actual time and expense Will charge at time of service
(An estimate can be provided)
TOTAL $ 35,600
MILLIMAN, INC.
Daniel Wade Principal and Consulting Actuary
Name Title
January 15, 2025
Signature Date
Reviewed and Accepted for City by:
Name Title
Signature Date
Medical Benefits for LEOFF 1 Employees
Our fee schedule for valuing benefits is shown below. This schedule is subject to change if we are retained for a valuation more than six months from now.
Our fee basis assumes that no personal presentation of the report is necessary. If you would like a personal presentation to interested parties, an
additional charge would be made in accordance with our normal hourly fees. If you have any questions, please let us know. Our fees also assume minimal
customization from our standard reports. If significant customization is required, additional fees may be applicable. We would be happy to discuss report
customization with you.
* Our fees above allow for approximately one hour to review data. Additional charges could result from time spent in excess of one hour identifying and correcting unusual
data issues, for implementing nonstandard assumptions, or providing customized exhibits or formatting in the actuarial valuation report.
The contractual terms governing this assignment shall be the same as the Consulting Services Agreement between the city and Milliman, Inc. If the scope
of work and fees are acceptable, please have an authorized representative of the city sign below indicating acceptance.
Docusign Envelope ID: 635BCC3D-E297-40E9-B620-7F7F0FAFDC73
1/29/2025
MayorNancy Backus