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<br />B4~~fl~\TFS. Ll C <br /> <br />August 2, 2005 <br /> <br />Kathie Gonzalez <br />Employee Relations Manager <br />City of Santa Ana <br />20 Civic Center Plaza <br />Santa Ana, CA 92702 <br /> <br />Re: City of Santa Ana - Actuarial Infonnation <br /> <br />Dear Ms. Gonzalez: <br /> <br />Bartel Associates would be happy to provide the City of Santa Ana actuarial consulting services, <br />The City is understandably concerned about CalPERS issues. I believe it's important the City <br />first become familiar with this information. To accomplish this, Bartel Associates will review <br />CalPERS actuarial information, meeting with CalPERS actuaries, ifnccessary, We will then <br />explain what has happened to City contribution rates, including what options the City has and <br />where future rates will likely go, in easily understood terms. <br /> <br />Following is our time estimate for the above: <br /> <br />. Review historical information, including prior actuarial reports <br />. City meeting preparation time <br />. Meet with the City to discuss strategy. issues, etc. <br />. Total <br /> <br />Hours <br />8.0 <br />6.0 <br />4.0 <br />18.0 <br /> <br />Our time estimate also includes a reviewal' contract amendment cost analysis (for example <br />Safety 3% @ 55 and 3% @ 50 and/or Miscellaneous 2,5% @ 55. 2,7% @ 55 and 3% @ 60), <br /> <br />Pleasc note: <br />. We will bill the City at the following hourly rates (however, most of the time for the <br />above project would be at the President/Senior Actuary level): <br />President & Senior Acruary $225 Vice President & Acruary <br />Consultant $ I 50 Actuarial Analyst <br />Support Staff $75 <br />. The above time is estimated and does not include time for: <br />. Meeting with CalPERS actuaries. We don't anticipate this will be necessary, but if <br />we do have questions and must talk with CaIPERS, the above time might increase by <br />2 hours. <br />. More than 2 meetings. Additional meetings (e.g. City Council meetings) will <br />increase the above time by actual meeting and preparation time. <br />. Miscellaneous expenses (for travel, computer, copy, report production, etc.) are in addition <br />to fees. <br /> <br />$175 <br />$125 <br /> <br />. ,1, r.',,', 'J :, ~, <br /> <br />'[lal'" <br /> <br />-tal <br /> <br /><',S::';,;',", .(I't: <br /> <br />. web site: <br /> <br />EXHIRIT A <br />