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55A - RESO - PARS AGMT
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55A - RESO - PARS AGMT
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5/28/2020 5:18:44 PM
Creation date
5/28/2020 5:12:59 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Finance & Management Services
Item #
55A
Date
6/2/2020
Destruction Year
2025
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disputing the subject invoice that is signed by a duly authorized representative of the <br />Agency. <br />4. Fees for Services Beyond Scope. Fees for services beyond those specified in this <br />Agreement will be billed to the Agency at the rates indicated in the PARS standard <br />fee schedule in effect at the time the services are provided and shall be payable as <br />described in Section 3 of this Agreement. Before any such services are performed, <br />PARS will provide the Agency with a detailed description of the services, terms, and <br />applicable rates for such services. Such services, terms, and applicable rates shall be <br />agreed upon in writing and executed by both parties. <br />5. Information Furnished to PARS. PARS will provide the Services contingent upon <br />the Agency providing PARS the information specified in the exhibit attached hereto <br />as "Exhibit 1C" ("Data"). It shall be the responsibility of the Agency to certify the <br />accuracy, content and completeness of the Data so that PARS may rely on such <br />information without further audit. It shall further be the responsibility of the Agency <br />to deliver the Data to PARS in such a manner that allows for a reasonable amount of <br />time for the Services to be performed. Unless specified in Exhibit IA and Exhibit <br />1D, PARS shall be under no duty to question Data received from the Agency, to <br />compute contributions made to the Plan, to determine or inquire whether <br />contributions are adequate to meet and discharge liabilities under the Plan, or to <br />determine or inquire whether contributions made to the Plan are in compliance with <br />the Plan or applicable law. In addition, PARS shall not be liable for non performance <br />of Services if such non performance is caused by or results from erroneous and/or late <br />delivery of Data from the Agency. In the event that the Agency fails to provide Data <br />in a complete, accurate and timely manner and pursuant to the specifications in <br />Exhibit 1C, and this goes uncured for sixty (60) days after having received written <br />notice of such deficiency, PARS reserves the right, notwithstanding the further <br />provisions of this Agreement, to terminate this Agreement upon no less than thirty <br />(30) days written notice to the Agency. <br />6. Suspension of Contributions. In the event contributions are suspended, either <br />temporarily or permanently, prior to the complete discharge of PARS' obligations <br />under this Agreement, PARS reserves the right to bill the Agency for Services under <br />this Agreement at the rates indicated in PARS' standard fee schedule in effect at the <br />time the services are provided, subject to the terms established in Section 3 of this <br />Agreement. Before any such services are performed, PARS will provide the Agency <br />with written notice of the subject services, terms, and an estimate of the fees <br />therefore. <br />7. Plan Distributions. The Plan Administrator is responsible for notifying PARS of <br />any Participant's eligibility for a distribution, and PARS accepts the Plan <br />Administrator's contractual delegation of distribution processing and certain <br />escheatment responsibilities. PARS is entitled to rely on, and is under no duty <br />whatsoever to audit the efficacy of the Agency's procedures for identifying an <br />employee's change -in -status or eligibility for a distribution. <br />8. Non -Contribution Reports. PARS prepares and submits a periodic Non - <br />Contribution report to the Plan Administrator which includes all Participants who <br />have received no new contributions for a period of time, as specified by the Plan <br />#39554v2 <br />55A-7 <br />
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