Actuarial Services Post Employment Bene.

This contract is for actuarial services related to GASB 45 and GASB 75 Other Post-Employment Benefits (OPEB) for Hernando County. The services include performing actuarial calculations, preparing a formal report, and providing presentations. The contract has a base fee of $13,000 for the initial year and $3,500 for the subsequent year, with the option to perform fully compliant valuations annually. The contract is automatically renewed every two years, with fees adjusted for inflation. The key aspects of this contract include the provision of actuarial services, the preparation of reports and presentations, and the automatic renewal of the contract. • The contract is for a period of 5 years • The base fee for the initial year is $13,000 • The base fee for the subsequent year is $3,500 • The contract can be terminated or amended with a 60-day advance written notice • The contract is automatically renewed every two years, with fees adjusted for inflation