File #: 19658    Version: 0 Name: actuarial study related to the Jackson County Employees’ Pension Plan
Type: Resolution Status: Passed
File created: 11/16/2017 In control: County Legislature
On agenda: 11/20/2017 Final action: 11/20/2017
Title: A RESOLUTION authorizing the County Executive to execute an Addendum to the Agreement with Cheiron of McLean, VA, for the furnishing of an actuarial study related to the Jackson County Employees' Pension Plan, at an additional cost to the County not to exceed $8,000.00.
Sponsors: Dan Tarwater III
Indexes: ADDENDUM, PENSION PLAN
Attachments: 1. 19658bu.pdf, 2. 19658adopt.pdf, 3. 19658-ADDAGMT-CHEIRON.pdf
Related files: 19447, 19730
IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI


Title
A RESOLUTION authorizing the County Executive to execute an Addendum to the Agreement with Cheiron of McLean, VA, for the furnishing of an actuarial study related to the Jackson County Employees' Pension Plan, at an additional cost to the County not to exceed $8,000.00.

Intro
RESOLUTION NO. 19658, November 20, 2017

INTRODUCED BY Dan Tarwater III, County Legislator


Body
WHEREAS, by Resolution 19447, dated April 3, 2017, the Legislature did authorize an actuarial study to determine the cost of an increase to the benefits of certain associates within the Sheriff's Office; and,

WHEREAS, Cheiron of McLean, VA, was selected by the Pension Plan's Board of Trustees after competitive solicitation to provide such services to the Board; and,

WHEREAS, the Legislature has requested additional calculations relating to this actuarial study, at an increased cost; and,

WHEREAS, funds necessary to meet this obligation will be partially paid, in the amount of $3,000.00, from the Legislature's budget, with the remaining amount to be paid from funds in the custody of the Pension Plan Board of Trustees; and,

WHEREAS, execution of an Addendum to the Agreement with Cheiron for this additional study is in the best interests of the health, safety, and welfare of the citizens of Jackson County; now therefore,
BE IT RESOLVED by the County Legislature of Jackson County, Missouri, that the County Executive be and hereby is authorized to execute for the County an Agreement with Cheiron, in a form to be approved by the County Counselor; and,

BE IT FURTHER RESOLVED that the Director of Finance and Purchasing be and hereby is authorized to make all payments, including final payment on the contract and addenda thereto.

Enacted and Approved
Effective Date: This Resolution shall be effective immediately upon its passage by a majority of the Legislature.

APPROVED AS TO FORM:


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