CONTRACT 5513 Professional Services Agreement CLOSED Agreement No. 5513
PROFESSIONAL SERVICES AGREEMENT
BETWEEN
THE CITY OF EL SEGUNDO AND
BARTEL ASSOCIATES,LLC
This AGREEMENT is entered into this 1St day of April, 2018, by and between the CITY
OF EL SEGUNDO, a municipal corporation and general law city ("CITY") and BARTEL
ASSOCIATES, a Limited Liability Corporation ("CONSULTANT").
1. CONSIDERATION.
A. As partial consideration, CONSULTANT agrees to perform the work listed in the
SCOPE OF SERVICES, below;
M As additional consideration, CONSULTANT and CITY agree to abide by the
terms and conditions contained in this Agreement;
C. As additional consideration, CITY agrees to pay CONSULTANT a sum not to
exceed Fourteen Thousand dollars ($14,000) for CONSULTANT's services.
CITY may modify this amount as set forth below. Unless otherwise specified by
written amendment to this Agreement, CITY will pay this sum as specified in the
attached Exhibit"A,"which is incorporated by reference.
2. SCOPE OF SERVICES.
A. CONSULTANT will perform services listed in the attached Exhibit"A,"which is
incorporated by reference.
B. CONSULTANT will, in a professional manner, furnish all of the labor, technical,
administrative, professional and other personnel, all supplies and materials,
equipment, printing, vehicles, transportation, office space and facilities, and all
tests, testing and analyses, calculation, and all other means whatsoever, except as
herein otherwise expressly specified to be furnished by CITY, necessary or proper
to perform and complete the work and provide the professional services required
of CONSULTANT by this Agreement.
3. PERFORMANCE STANDARDS. While performing this Agreement, CONSULTANT
will use the appropriate generally accepted professional standards of practice existing at the time
of performance utilized by persons engaged in providing similar services. CITY will
continuously monitor CONSULTANT's services. CITY will notify CONSULTANT of any
deficiencies and CONSULTANT will have fifteen (15) days after such notification to cure any
shortcomings to CITY's satisfaction. Costs associated with curing the deficiencies will be borne
by CONSULTANT.
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4. PAYMENTS. For CITY to pay CONSULTANT as specified by this Agreement,
CONSULTANT must submit a detailed invoice to CITY which lists the hours worked and
hourly rates for each personnel category and reimbursable costs (all as set forth in Exhibit"A")
the tasks performed,the percentage of the task completed during the billing period,the
cumulative percentage completed for each task, the total cost of that work during the preceding
billing month and a cumulative cash flow curve showing projected and actual expenditures
versus time to date.
5. NON-APPROPRIATION OF FUNDS. Payments due and payable to CONSULTANT for
current services are within the current budget and within an available, unexhausted and
unencumbered appropriation of the CITY. In the event the CITY has not appropriated sufficient
funds for payment of CONSULTANT services beyond the current fiscal year, this Agreement
will cover only those costs incurred up to the conclusion of the current fiscal year.
6. ADDITIONAL WORK.
A. CITY's city manager("Manager")may determine, at the Manager's sole
discretion,that CONSULTANT must perform additional work("Additional
Work")to complete the Scope of Work. If Additional Work is needed,the
Manager will give written authorization to CONSULTANT to perform such
Additional Work.
B. If CONSULTANT believes Additional Work is needed to complete the Scope of
Work, CONSULTANT will provide the Manager with written notification that
contains a specific description of the proposed Additional Work, reasons for such
Additional Work, and a detailed proposal regarding cost.
7. FAMILIARITY WITH WORK.
A. By executing this Agreement, CONSULTANT agrees that it has:
i. Carefully investigated and considered the scope of services to be
performed;
ii. Carefully considered how the services should be performed; and
iii. Understands the facilities, difficulties, and restrictions attending
performance of the services under this Agreement.
B, If services involve work upon any site, CONSULTANT agrees that
CONSULTANT has or will investigate the site and is or will be fully acquainted
with the conditions there existing, before commencing the services hereunder.
Should CONSULTANT discover any latent or unknown conditions that may
materially affect the performance of the services, CONSULTANT will
immediately inform CITY of such fact and will not proceed except at
CONSULTANT's own risk until written instructions are received from CITY.
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Agreement No. 5513
8. TERM. The term of this Agreement will be from April 1, 2018 to Marcia 31. 2019. Unless
otherwise determined by written amendment between the parties, this Agreement will terminate
in the following instances:
A. Completion of the work specified in Exhibit"A";
B. Termination as stated in Section 16.
9, TIME FOR PERFORMANCE,
A. CONSULTANT will not perform any work under this Agreement until:
i. CONSULTANT furnishes proof of insurance as required under Section 23
of this Agreement; and
ii. CITY gives CONSULTANT a written notice to proceed.
B. Should CONSULTANT begin work on any phase in advance of receiving written
authorization to proceed, any such professional services are at CONSULTANT's
own risk.
10. TIME EXTENSIONS. Should CONSULTANT be delayed by causes beyond
CONSULTANT's control, CITY may grant a time extension for the completion of the contracted
services. If delay occurs, CONSULTANT must notify the Manager within forty-eight hours (48
hours), in writing, of the cause and the extent of the delay and how such delay interferes with the
Agreement's schedule. The Manager will extend the completion time, when appropriate, for the
completion of the contracted services.
11. CONSISTENCY. In interpreting this Agreement and resolving any ambiguities, the main
body of this Agreement takes precedence over the attached Exhibit; this Agreement supersedes
any conflicting provisions.
12. CHANGES. CITY may order changes in the services within the general scope of this
Agreement, consisting of additions, deletions, or other revisions, and the contract sum and the
contract time will be adjusted accordingly. All such changes must be authorized in writing,
executed by CONSULTANT and CITY. The cost or credit to CITY resulting from changes in
the services will be determined in accordance with written agreement between the parties.
13. TAXPAYER IDENTIFICATION NUMBER. CONSULTANT will provide CITY with a
Taxpayer Identification Number.
14. PERMITS AND LICENSES. CONSULTANT, at its sole expense, will obtain and
maintain during the term of this Agreement, all necessary permits, licenses, and certificates that
may be required in connection with the performance of services under this Agreement.
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Agreement No. 5513
15. WAIVER. CITY's review or acceptance of, or payment for, work product prepared by
CONSULTANT under this Agreement will not be construed to operate as a waiver of any rights
CITY may have under this Agreement or of any cause of action arising from CONSULTANT's
performance. A waiver by CITY of any breach of any term, covenant, or condition contained in
this Agreement will not be deemed to be a waiver of any subsequent breach of the same or any
other term, covenant, or condition contained in this Agreement, whether of the same or different
character.
16. TERMINATION.
A. Except as otherwise provided, CITY may terminate this Agreement at any time
with or without cause.
B, CONSULTANT may terminate this Agreement at any time with CITY's mutual
consent. Notice will be in writing at least thirty (30) days before the effective
termination date.
C. Upon receiving a termination notice, CONSULTANT will immediately cease
performance under this Agreement unless otherwise provided in the termination
notice. Except as otherwise provided in the termination notice, any additional
work performed by CONSULTANT after receiving a termination notice will be
performed at CONSULTANT" own cost; CITY will not be obligated to
compensate CONSULTANT for such work.
D. Should termination occur, all finished nor unfinished documents, data, studies,
surveys, drawings, maps, reports and other materials prepared by CONSULTANT
will, at CITY's option, become CITY's property, and CONSULTANT will
receive just and equitable compensation for any work satisfactorily completed up
to the effective date of notice of termination, not to exceed the total costs under
Section 1(C).
E. Should the Agreement be terminated pursuant to this Section, CITY may procure
on its own terms services similar to those terminated.
F. By executing this document, CONSULTANT waives any and all claims for
damages that might otherwise arise from CITY's termination under this Section.
17. OWNERSHIP OF DOCUMENTS. All documents, data, studies, drawings, maps, models,
photographs and reports prepared by CONSULTANT under this Agreement are CITY's
property. CONSULTANT may retain copies of said documents and materials as desired, but
will deliver all original materials to CITY upon CITY's written notice. CITY agrees that use of
CONSULTANT's completed work product, for purposes other than identified in this Agreement,
or use of incomplete work product, is at CITY's own risk.
18. PUBLICATION OF DOCUMENTS. Except as necessary for performance of service
under this Agreement, no copies, sketches, or graphs of materials, including graphic art work,
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Agreement No. 5513
prepared pursuant to this Agreement, will be released by CONSULTANT to any other person or
public CITY without CITY's prior written approval. All press releases, including graphic
display information to be published in newspapers or magazines, will be approved and
distributed solely by CITY, unless otherwise provided by written agreement between the parties.
19. INDEMNIFICATION.
A. CONSULTANT agrees to the following:
i. Indemnification for Professional Services. CONSULTANT will save
harmless and indemnify and at CITY's request reimburse defense
costs for CITY and all its officers, volunteers, employees and
representatives from and against any and all suits, actions, or claims,
of any character whatever, brought for, or on account of, any injuries
or damages sustained by any person or property resulting or arising
from any negligent or wrongful act, error or omission by
CONSULTANT or any of CONSULTANT's officers, agents,
employees, or representatives, in the performance of this Agreement,
except for such loss or damage arising from CITY's sole negligence or
willful misconduct.
ii. Indemnification for other Damages. CONSULTANT indemnifies and
holds CITY harmless from and against any claim, action, damages,
costs (including, without limitation, attorney's fees), injuries, or
liability, arising opt of this Agreement, or its performance, except for
such loss or damage arising from CITY's sole negligence or willful
misconduct. Should CITY be named in any suit, or should any claim
be brought against it by suit or otherwise, whether the same be
groundless or not, arising out of this Agreement, or its performance,
CONSULTANT will defend CITY (at CITY's request and with
counsel satisfactory to CITY) and will indemnify CITY for any
judgment rendered against it or any sums paid out in settlement or
otherwise.
B. For purposes of this section "CITY" includes CITY's officers, officials,
employees, agents, representatives, and certified volunteers.
C. It is expressly understood and agreed that the foregoing provisions will survive
termination of this Agreement.
D. The requirements as to the types and limits of insurance coverage to be
maintained by CONSULTANT as required by Section 23, and any approval of
said insurance by CITY, are not intended to and will not in any manner limit or
qualify the liabilities and obligations otherwise assumed by CONSULTANT
pursuant to this Agreement, including, without limitation, to the provisions
concerning indemnification.
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20.ASSIGNABILITY. This Agreement is for CONSULTANT's professional services.
CONSULTANT's attempts to assign the benefits or burdens of this Agreement without CITY's
written approval are prohibited and will be null and void.
21. INDEPENDENT CONTRACTOR. CITY and CONSULTANT agree that
CONSULTANT will act as an independent contractor and will have control of all work and the
manner in which is it performed. CONSULTANT will be free to contract for similar service to
be performed for other employers while under contract with CITY. CONSULTANT is not an
agent or employee of CITY and is not entitled to participate in any pension plan, insurance,
bonus or similar benefits CITY provides for its employees. Any provision in this Agreement that
may appear to give CITY the right to direct CONSULTANT as to the details of doing the work
or to exercise a measure of control over the work means that CONSULTANT will follow the
direction of the CITY as to end results of the work only.
22. AUDIT OF RECORDS. CONSULTANT will maintain full and accurate records with
respect to all services and matters covered under this Agreement. CITY will have free access at
all reasonable times to such records, and the right to examine and audit the same and to make
transcript therefrom, and to inspect all program data, documents, proceedings and activities.
CONSULTANT will retain such financial and program service records for at least three (3)years
after termination or final payment under this Agreement.
23. INSURANCE.
A, Before commencing performance under this Agreement, and at all other times this
Agreement is effective, CONSULTANT will procure and maintain the following
types of insurance with coverage limits complying, at a minimum, with the limits
set forth below:
TV11e of'hisuraiace Limits
Commercial general liability: $1,000,000
Professional Liability $1,000,000
Business automobile liability $1,000,000
Workers compensation Statutory requirement
B. Commercial general liability insurance will meet or exceed the requirements of
the most recent ISO-CGL Form. The amount of insurance set forth above will be
a combined single limit per occurrence for bodily injury, personal injury, and
property damage for the policy coverage. Liability policies will be endorsed to
name CITY, its officials, and employees as "additional insureds"under said
insurance coverage and to state that such insurance will be deemed"primary"
such that any other insurance that may be carried by CITY will be excess thereto.
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Agreement No. 5513
Such endorsement must be reflected on ISO Form No. CG 20 10 11 85 or 88, or
equivalent. Such insurance will be on an"occurrence,"not a"claims made," basis
and will not be cancelable or subject to reduction except upon thirty (30) days
prior written notice to CITY.
C. Professional liability coverage will be on an "occurrence basis" if such coverage
is available, or on a"claims made" basis if not available. When coverage is
provided on a"claims made basis,"CONSULTANT will continue to renew the
insurance for a period of three(3)years after this Agreement expires or is
terminated. Such insurance will have the same coverage and limits as the policy
that was in effect during the term of this Agreement, and will cover
CONSULTANT for all claims made by CITY arising out of any errors or
omissions of CONSULTANT, or its officers, employees or agents during the time
this Agreement was in effect.
D. Automobile coverage will be written on ISO Business Auto Coverage Form CA
00 0106 92, including symbol 1 (Any Auto).
E. CONSULTANT will furnish to CITY duly authenticated Certificates of Insurance
evidencing maintenance of the insurance required under this Agreement and such
other evidence of insurance or copies of policies as may be reasonably required
by CITY from time to time. Insurance must be placed with insurers with a current
A.M. Best Company Rating equivalent to at least a Rating of"A:VII."
F. Should CONSULTANT, for any reason, fail to obtain and maintain the insurance
required by this Agreement, CITY may obtain such coverage at
CONSULTANT's expense and deduct the cost of such insurance from payments
due to CONSULTANT under this Agreement or terminate pursuant to Section 16.
24. USE OF SUBCONTRACTORS. CONSULTANT must obtain CITY's prior written
approval to use any consultants while performing any portion of this Agreement. Such approval
must approve of the proposed consultant and the terms of compensation.
25. INCIDENTAL TASKS. CONSULTANT will meet with CITY monthly to provide the
status on the project, which will include a schedule update and a short narrative description of
progress during the past month for each major task, a description of the work remaining and a
description of the work to be done before the next schedule update.
26. NOTICES. All communications to either party by the other party will be deemed made
when received by such party at its respective name and address as follows:
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Agreement No. 5513
If to CONSULTANT: If to CITY:
Bartel Associates, LLC City of El Segundo
411 Borel Avenue, Suite 101 350 Main Street
San Mateo, CA 94402 El Segundo, CA
Attention: John Bartel Attention: Joseph Lillio
Any such written communications by mail will be conclusively deemed to have been received by
the addressee upon deposit thereof in the United States Mail, postage prepaid and properly
addressed as noted above. In all other instances, notices will be deemed given at the time of
actual delivery. Changes may be made in the names or addresses of persons to whom notices are
to be given by giving notice in the manner prescribed in this paragraph.
27. CONFLICT OF INTEREST. CONSULTANT will comply with all conflict of interest
laws and regulations including, without limitation, CITY's conflict of interest regulations.
28. SOLICITATION. CONSULTANT maintains and warrants that it has not employed nor
retained any company or person, other than CONSULTANT's bona fide employee, to solicit or
secure this Agreement. Further, CONSULTANT warrants that it has not paid nor has it agreed
to pay any company or person, other than CONSULTANT's bona fide employee, any fee,
commission, percentage, brokerage fee, gift or other consideration contingent upon or resulting
from the award or making of this Agreement. Should CONSULTANT breach or violate this
warranty, CITY may rescind this Agreement without liability.
29. THIRD PARTY BENEFICIARIES. This Agreement and every provision herein is
generally for the exclusive benefit of CONSULTANT and CITY and not for the benefit of any
other party. There will be no incidental or other beneficiaries of any of CONSULTANT's or
CITY's obligations under this Agreement.
30. INTERPRETATION. This Agreement was drafted in, and will be construed in accordance
with the laws of the State of California, and exclusive venue for any action involving this
agreement will be in Los Angeles County.
31. COMPLIANCE WITH LAW. CONSULTANT agrees to comply with all federal, state,
and local laws applicable to this Agreement.
32. ENTIRE AGREEMENT. This Agreement, and its Attachment, sets forth the entire
understanding of the parties. There are no other understandings, terms or other agreements
expressed or implied, oral or written. There is one (1) Attachment to this Agreement. This
Agreement will bind and inure to the benefit of the parties to this Agreement and any subsequent
successors and assigns.
33. RULES OF CONSTRUCTION. Each Party had the opportunity to independently review this
Agreement with legal counsel. Accordingly,this Agreement will be construed simply, as a whole,
and in accordance with its fair meaning; it will not be interpreted strictly for or against either Party.
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Agreement No. 5513
34. SEVERABILITY. If any portion of this Agreement is declared by a court of competent
jurisdiction to be invalid or unenforceable, then such portion will be deemed modified to the
extent necessary in the opinion of the court to render such portion enforceable and, as so
modified, such portion and the balance of this Agreement will continue in full force and effect.
35. AUTHORITY/MODIFICATION. The Parties represent and warrant that all necessary
action has been taken by the Parties to authorize the undersigned to execute this Agreement and to
engage in the actions described herein. This Agreement may be modified by written amendment.
CITY's executive manager, or designee,may execute any such amendment on behalf of CITY.
36. ACCEPTANCE OF FACSIMILE SIGNATURES. The Parties agree that this Agreement,
agreements ancillary to this Agreement, and related documents to be entered into in connection
with this Agreement will be considered signed when the signature of a party is delivered by
facsimile transmission. Such facsimile signature will be treated in all respects as having the
same effect as an original signature.
37. CAPTIONS. The captions of the paragraphs of this Agreement are for convenience of
reference only and will not affect the interpretation of this Agreement.
38. TIME IS OF ESSENCE. Time is of the essence for each and every provision of this
Agreement.
39. FORCE MAJEURE. Should performance of this Agreement be prevented due to fire, flood,
explosion, acts of terrorism, war, embargo, government action, civil or military authority,the
natural elements, or other similar causes beyond the Parties' reasonable control, then the
Agreement will immediately terminate without obligation of either party to the other.
40. STATEMENT OF EXPERIENCE. By executing this Agreement, CONSULTANT
represents that it has demonstrated trustworthiness and possesses the quality, fitness and capacity
to perform the Agreement in a manner satisfactory to CITY. CONSULTANT represents that its
financial resources, surety and insurance experience, service experience, completion ability,
personnel, current workload, experience in dealing with private consultants, and experience in
dealing with public agencies all suggest that CONSULTANT is capable of performing the
proposed contract and has a demonstrated capacity to deal fairly and effectively with and to
satisfy a public CITY.
[Signatures on next page]
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Agreement No. 5513
IN WITNESS WHEREOF the parties hereto have executed this contract the day and year
first hereinabove written.
CITY OF EL SEGUNDO
..........
'-,Acill, John E. Bartel
Director of Finance President
ATTEST:
Taxpayer ID No. 02-0701578
—211,111,10") ' 11 �"�
...........................
we"I'verl
Cit� ck-rl'�
............
APPROVED AS TO FORM:
MARK D. HENSLEY, City Attorney
By-
Karl If. Berger, Lj
Assistant City Attorney
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Agreement No. 5513
July 28,2017
Joseph Lillio
Director of Finance
City of El Segundo
350 Main Street
El Segundo,CA 90245
Re: City of El Segundo—CatPERS Review
Dear Mr.Lillio,
Bartel Associates would be happy to provide the City of El Segundo actuarial consulting services.
Background
The City participates in CalPERS, providing:
■ Miscellaneous employees:
• Hired before December 30, 2012 the 2%@55 benefit formula;classic employees hired on or after
December 30,2012 the 2%@60 benefit formula,and
• For new members hired on or after January 1, 2013,the PEPRA 2.5%@67 benefit formula(also
referred to as the 2%@62 benefit formula).
■ Safety employees:
• Police employees hired before October 6, 2012 the 3%@50 benefit formula,Police classic
employees hired on or after October 6,2012,the 3%@55 benefit formula,
• Fire employees hired before January 1,2013 the 3%@55 benefit formula,and
• For new members hired on or after January 1, 2013,the PEPRA 2.7%@57 benefit formula.
CalPERS Board has approved the following changes over recent years:
■ April 2013, CalPERS approved funding policy changes,including new amortization and smoothing
methods. These changes will result in higher City contribution rates phased-in over 5 years starting
with 2015/16. They are expected to result in greater contribution rate volatility in most years but
smaller fluctuations in years with extreme market events.
■ In February 2014, CalPERS completed a new experience study in February 2014 and adopted
demographic assumption changes for June 30,2014 valuations which will further increase employer
contribution rates phased-in over a 5 year period starting with 2016/17.
■ In November 2015,CalPERS adopted a risk mitigation strategy.This new strategy is expected to
lower the investment risk and discount rates,resulting in higher employer contribution rates gradually
over the next 20 years or so.
■ In December 2016,CalPERS approved a reduction in the discount rate over the next 3 valuations and
suspended the risk mitigation implementation until the June 30, 2018 valuation. The decision was,in
part, based on outside investment advisors' belief that investment returns over the next 10 years will
be 6.2%,well below the 7.5%current assumed return.
Valuation Discount i Fiscal Year of
Date Rate Initial Impact Full Impact
6/30/16 7.375% ' 18/19 22/23
6/30/17 7.25% 19/20 23/24
6/30/18 7.00% 20/21 24/25
411 Bore] MMUC,Suite 101 0 San Mateo,California 94402
.rvain:650/377-1600 ®fax:650/345-8057 0�Pekwww.lsarLe1-a,"o6atcs.con
Agreement No. 5513
Joseph Lillio1
July 28,2017
Page 2
We believe the City would like to understand the impact of CalPERS recent changes. CalPERS
June 30,2016 actuarial valuation reports will be released in June or July and will provide estimated
contribution projections through 2023/24 including the impact of funding policy changes and assumption
changes and the discount rate reductions. Our analysis will provide City contribution rate projections,
over a longer period,based on more current investment returns than CalPERS reports and sensitivity
analysis for all of these CalPERS changes, including the impact of additional pension tiers,enabling the
City to better understand the cost increases and their volatility. We will explain projected City
contribution rates in easily understood terms. In addition we will provide the City options to pay off each
plan's unfunded liability understanding that any pension plan's unfunded liability can be volatile.
If the City is interested in establishing a Section 115 supplemental pension trust to address the City's
CalPERS unfunded liability,we can develop a model showing the City how such a supplemental pension
trust can pay down the unfunded liability and mitigate contribution rate fluctuation.
Project Scope and Fees
Bartel Associates will project CalPERS contribution rates, including asset return sensitivity,for each
fiscal year through 2028/29 showing the impact of:
IN PEPRA changes,
It CaIPERS new contribution policy,
• Discount rate changes,
■ Lower expected investment returns over the next 10 years, and
• Investment return volatility.
We will provide a comprehensive review and summary of historical CalPERS actuarial information
including:
•' Review historical actuarial valuation reports;
• Review of the options the City has to pay down the unfunded liability and to establish a rate
stabilization fund
• Summary of historical information for the Miscellaneous and Safety plans:
• Participant demographic information,
• Contribution rates,
• Investment returns,and
• Funded status
• Supplemental Pension Trust: modeling a supplemental pension trust that pays down unfunded
liability and mitigates contribution rate fluctuation
• Guide the City to select target contribution rates
• Help the City to determine the initial contribution and/or subsequent contribution
• Analyze the likelihood of the supplemental pension trust being successful over a certain period
by using a stochastic investment return model
• One meeting to discuss results with City staff.
411 Bard Avcnuc,Suite 101 0 Sari Mater>,California 91402
main:050/377-1600 o ax:v50/34.5-8057 0Web:°.vwu.!>,arte!Ei ru;iatt: .cnra
Agreement No. 5513
Joseph Lillio
July 28,2017
Page 3
The following table summarizes the project options and fee estimates:
Ca1PERS review and conoject tribution projections ns Estimated
0rees i� 1$p5'� cI
® 00
® Ca1PERS supplemental pension trust analysis 2,000 2,000
-
10 Total 8,500 9,500
Please note:
■ We will bill the City at the following hourly rates(however, much of the time for the above project
would be at the Partner level):
Partner $270-$320
Assistant Vice President $240
Associate Actuary $190
Senior Actuarial Analyst $170
Actuarial Analyst $140
• The above time is estimated and does not include time for:
• Executive Summary.The project includes a discussion outline with significant detail. This
document is not meant to be a stand-alone explanation of results that the City should give to
Council. An Executive Summary is a stand-alone report summarizing results. Our fees to
prepare an Executive Summary will be approximately$2,000.
More than 1 meeting. Additional meetings(e.g.Council and/or bargaining group meetings)
will increase the above time by actual meeting and preparation time. If no additional work is
necessary,then fees will be$1,000 to$1,250 for an additional meeting.
® Hourly rates include provision for miscellaneous expenses.
Data
■u We have old Ca1PERS reports from prior projects except the June 30, 2009 Miscellaneous and the
June 30,2007 Safety reports. We have downloaded the actuarial reports from June 30,2013 through
June 30,2015 from Ca1PERS website. Please send us the June 30,2009 Miscellaneous and the June
30,2007 Ca1PERS reports. Please also send us the June 30, 2016 actuarial reports when available.
■ Please advise if the City pays any Employer Paid Member Contributions(EPMC)for classic
members or if the City has any employee cost sharing arrangements in addition to the statuary
member contributions. If so,please provide us the details.
41 1 lord Avenue,Suite 101 *Sun itilat o,California 94402
ta2tin:650/377-1600 @J/X:650/345-8057 m lveba www.bartel-associatcs.cosn
Agreement No. 5513
Joseph Lillio
July 28,2017 r I
Page 4
Timing
We are prepared to begin this project immediately and can set a meeting date as soon as we receive the
above information. Initial meeting dates are usually set approximately 4-5 weeks after we receive the
actuarial information. We look forward to working with you and the City.
Sincerely,
Bianca Lin,FSA
Assistant Vice President and Actuary
c John Bartel,Bartel Associates,LLC
oAclients\city of Et Segundo\proposa1s\2017\ba Elsegundoci 17-07-28 calpers review fee letter.docx
411 110rcl Avenge,Sldtc tOl IF San Mateo,Califomi,r 94402
,hill:650/377 1600 lfatxo"650/345-8057 0 7wb www.bartel -,u,,, date:s.com