Actuarial Services - See FY-17-06

This contract is for actuarial services provided by Gabriel, Roeder, Smith & Company (GRS) to the County of Hernando. The services include performing actuarial calculations necessary for the County to comply with GASB Statement Nos. 45 and 75. The contract has a term of 5 years, with the option to renew. The scope of work includes performing actuarial valuations, preparing reports, and providing presentations. The contract also includes provisions for confidentiality, liability, and termination. Key points include: • The contract is for a term of 5 years, with the option to renew. • The scope of work includes performing actuarial valuations, preparing reports, and providing presentations. • The contract includes provisions for confidentiality, liability, and termination. • The vendor is Gabriel, Roeder, Smith & Company (GRS), a consulting and actuarial firm. • The contract has a total value of $16,500 for the initial term, with fees adjusted for inflation in subsequent years.