Agmt_1958_November 17_Coates, Herfurth & England Actuaries

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r i, ~~~ M 3. The Governing Body agrees to furnish to the Consulting Actuaries through said _ Board of Administration, the data relative to its employees, past and present, necessary for determination of the approximate contribution. Botb parties under- stand that the Eoard of Administration will provide to Consulting Actuaries various tables and schedules of rates based on experience of members of the Retirement System, as determined in previous investigations and valuations. Both parties liketaise understand that the work of the Consulting Actuaries shall be performed under the direction of the actuary of the Retirement System, and that all data in connection with. said work, including work sheets, final results and reports from the Consulting Actuaries shall be th.e property of the Board of Administration and shall be delivered to said Board at the conclusion of the valuation. ~+. For the full performance of the investigation and valuation, t~nsulting Actuaries shall receive from the Governing Body the sum of $ subject to adjustment on account of variation in the number of employees from the number stated in th.e attached"Statement of Specifications," and subject to further ad- justment on account of any unusual situation, or on account of additional valu~e- tions requested by the Governing Body. The Governing Body agrees that the sum fixed in this paragraph. as compensation for the services to be performed by the Consulting Actuaries shall cover only the calculations and necessary conferences between the officers and employees of the Board of Administration and the Consulting Actuaries. It is understood and agreed that the Governing Body shall deal with the Consulting Actuaries only through the Beard of Administration. 5. The Consulting Actuaries agree to render the services herein contracted in a satisfactory and expeditious manner. The Consulting Actuaries shall furnish to the Board. of Administration, in addition to data provided herein to be fur- nished, a written summary in dup7_icate of the results of the calculations made under this agreement a.nd ~~he compensation provided for herein shall be payable by the Governing Body taaen such summary is delivered to the Board of Administration. 6. This contract is made and entered into in accordance with. Chapter ~+ of the State Employees' Retirement Lasa, and is subject to the provisions of said Law. WITNESS OUR HANDS the day and year first abo~~e written. COATES, HERFURTH Al~TD ENGLAND, COAISULTING ACTUARIES ~~ ~ %~ ner Approved by the State Employees' the meeting held /"~7 Fxecvt ~. '~~ t:.>::~~Z. Such. a,s ~Cit;r Council, Boar of Supervisors," or "Governing Board") 1V~me of Public Agency BY ~ e~ ;~~YOR of Administration, ement System, at Ret, Torm.113-2 (Rev.3/57) 500