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EXHIBIT B SCOPE OF SERVICES Bartel Associates would provide actuarial consulting services to Redwood City. Project Scope and Fees Consultant will project CalPERS contribution rates, including asset return sensitivity, for each fiscal year through 2025/26 showing the impact of: - PEPRA changes, - CaIPERS new contribution policy, - Assumption changes, - Risk mitigation strategy. Consultant will provide a comprehensive review and summary of historical CaIPERS actuarial information for Miscellaneous and Safety plans including: - Review historical actuarial valuation reports; - Review Contract Amendment Cost Analysis for each group - Summary of historical: • Participant demographic information, • Contribution rates, • Investment returns, and • Funded status - Discussion of options the City has to pay down the unfunded liability - Review of the options the City has to pay down the unfunded liability and to establish a rate stabilization fund - One meeting with City staff to discuss results Fees for this project are estimated to be approximately $6,500. Consultant understand the City's budgeting needs and agrees not to charge more than $7,500 unless the project scope changes and the agreement is amended. City may request for Consultant to provide an additional meeting with Council, at a date to be determined by coordinating efforts between Consultant and City. Fees for the additional meeting will be $750 to $1,500. Consultant understands the City's budgeting needs and agrees not to charge more than $9,000, for aggregate services provided pursuant to this Exhibit B (up to $7,500 for the project fees and up to $1,500 for an additional meeting), unless the project scope changes and the agreement is amended. Page 11 of 12 REV: 12-22-1615 ATTY/AGR/2016.337/BARTEL ASSOCIATES, LLC— PROFESSIONAL SERVICES FOR A GASB 75 OPER ACTUARIAL VALUATION