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Proposal to Provide Actuarial Valuation of OPEB Liabilities <br />For the City of Santa Ana <br />May 2016 <br />Strengths: We are regularly complimented In the following areas: <br />For the clarity of our actuarial reports and our ability to translate the often confusing terms <br />into understandable and meaningful results. This is particulary true with respect to <br />explaining the new implicit subsidy liability calculations (see Section 8) and In reviewing the <br />important Implications on an Agency's decision whether or not to prefund this liability. We <br />communicate with each client about what they need to see In the report and customize the <br />exhibits accordingly. <br />Our clients appreciate our assistance in preparing and reviewing the OPEB disclosure <br />information to be presented in financial statements to their specifications, to help avoid any <br />misunderstanding of how report results are intended to be used in the disclosures. <br />• We have an extensive understanding of PEMHCA requirements and the impact on retiree <br />healthcare coverage (eligibility and benefits) for agencies participating in the CaIPERS <br />healthcare program. <br />Bickmore has roughly 100 of its governmental clients who have elected to establish an <br />irrevocable OPEB trust and begin prefunding these liabilities on some level. We have clients <br />in 6 or 7 different trusts, including CERB7, PARS, Futuris and ICMA. We have a good <br />relationship with the staff of these trusts and are familiar with the asset allocation <br />strategies. <br />Blckmore 2a <br />