Awarded vendors
- Korn Ferry Hay Group, Inc.
Description
The City of Pittsburgh entered into an agreement with Korn Ferry Hay Group, Inc. to provide actuarial services for the Comprehensive Municipal Pension Trust Fund. The services include actuarial valuations for three defined benefit pension plans and one OPEB plan, as well as GASB reporting and PA Act 205 compliance. The agreement has a term of two years with an optional two-year extension. The total cost of the agreement is not to exceed $400,000. The City of Pittsburgh is responsible for paying the fees for the services, and Korn Ferry Hay Group, Inc. is responsible for providing the services and submitting invoices for payment. The agreement also includes provisions for termination, indemnification, and confidentiality. Key points to consider when evaluating the similarity of this contract to other business specialties include the scope of work, the term and cost of the agreement, and the responsibilities of the parties involved.