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� Exhibit A Alison Freeman September 29,2014 �� Page 2 Our fee estimate assumes: ■ We will bill the City at the following hourly rates: Partner $250-$300 Assistant Vice President $200-$225 Associate Actuary $150 Actuarial Analyst $125 Administrative Support $75 ■ The City has made no changes to its retiree healthcaze plan or healthcare providers since the last actuarial valuation as of June 30,2013. ■ Participant census data requested will be provided completely and accurately in an Excel workbook with one record per participant. ■ The City has not changed its full ARC funding policy since the June 30,2013 valuation. ■ Costs and liabilities will be provided using one funding method and one set of assumptions. ■ We will calculate the Actuarial Value of Assets and estimate the components of the Actuarial Accrued Liability gain or loss since the last actuarial valuarion. ■ GASB 45 costs and liabilities will be presented for the plan as a whole with breakdowns for 7 employee groups: SEN,RCMEA,Executive Management,City Council,POA,PSA,and IAFF. ■ We will have one meeting with the City to review the valuation results and will provide a preliminary valuation results discussion outline for the meeting. The discussion outline will summarize the plan provisions,census data,actuarial methods and assumptions,and the valuation results. ■ We will provide the actuarial certification,funding policy certification,and Excel valuation information spreadsheet required by Ca1PERS for agencies funding with CERBT along with a certified final valuation results discussion outline. ■ There will be no additional charges for expenses(e.g.,travel,telephone,copying,etc.). The hourly rates above include our costs for these items. ■ We will invoice the City monthly based on time incurred,subject to the above maximum fee. Our fee estimate may be higher if: ■ The City has changed its retiree healthcare plan design since the June 30,2013 actuarial valuation. ■ Plan provisions and financial information is not provided as requested or is not complete and internally consistent. ■ Participant census data is not complete,accurate,and free from internal inconsistencies or is not provided in an Excel workbook with one record per participant. ■ Results aze needed separately for additional employee groups. ■ Results are needed for any changes in GASB's OPEB accounting rules. GASB is currently working on revisions to GASB Statements Nos.43 and 45 and anticipates issuing a final statement by June 2015. We anticipate that the new standard will be effective for the City's 2017/18 fiscal year so it will not likely affect the June 30,2015 valuation. ■ Results are needed for additional assumptions,funding methods,contribution policies,or alternative plan designs. ■ The City requests additional meetings. We will base our fee for additional meetings on our billing rates, the time needed for the meeting,any additional presentation material needed,and preparation time. ■ The City requests an executive summary or a draft financial statement footnote. Our estimated fee is $1,500 for an executive summary and$600 for a draft financial statement footnote. 411 Borei Avenue,Suite 101 •San Mateo,California 94402 ATTY/AGR.2014.205/B�@I��ia��-��Q��d�c�� 'web:www.bartel-associates.com