The City of St. Petersburg has awarded a contract to The Howard E. Nyhart Company, Inc. for consulting services, actuarial, and post-employment benefits. The contract is for a term of 5 years, with an option to renew for an additional 3 years. The contract includes provisions for payment, indemnification, insurance, and termination. The vendor will provide professional actuarial services for the City's three pension programs and other post-employment benefits. Key aspects of the contract include:
• The contract term and renewal options
• Payment terms and conditions
• Indemnification and insurance requirements
• Termination provisions
• Scope of services and deliverables
• Compliance with laws and regulations