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<br />EXHIBIT A <br /> <br />SCOPE OF SERVICES <br /> <br />Consultant shall provide an actuarial study, as set forth in Attachment I hereto, for a proposed <br />PARS Retirement Enhancement Plan for non-safety Executive Management employees of the <br />City of Santa Ana. Said study will be delivered to and reviewed by PARS prior to acceptance by <br />City. <br />The valuation shall comply with the requirements of California Government Code Section 7505. <br /> <br />The following assumptions will be utilized for the study: <br /> <br />Actuarial Assumptions <br /> <br />n. Entry Age: <br />o. Deferred Annuity: <br /> <br />January I, 2006 <br />7% <br />3.25% <br />Utilize CalPERS table. <br />2.00% Compounded Annually <br />Utilize CalPERS table <br />Utilize CalPERS table <br />Develop appropriate criteria <br />Develop appropriate criteria <br />Develop appropriate criteria <br />Utilize only the 40 I (a)(l7) limits <br />None are assumed <br />All current participants are assumed to elect <br />single life annuity <br />Age at hire with City <br />There are no deferred benefits <br /> <br />a. Valuation Date: <br />b. Investment Return: <br />c. Inflation: <br />d. Salary Increases: <br />e. Cost of Living Adjustment: <br />f. Pre-Retirement Mortality: <br />g. Post-Retirement Mortality: <br />h. Withdrawal: <br />1. Retirement: <br />J. Disability: <br />k. Maximum Benefits and Salary: <br />1. Expenses: <br />m. Form of Payment: <br /> <br />Actuarial Methods <br /> <br />Funding Method: <br /> <br />Entry Age Normal with a 20-year <br />amortization ofthe unfunded actuarial <br />liability. <br /> <br />8 <br />