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Home My WebLink AboutC2017-003 - 1/17/2017 - Approved cfceve..: cifs - Amendment City of Corpus Christi P Purchasing Department leo Service Agreement No.: 824 Amendment No.: 2 Date: November 18, 2016 Service Agreement Current Value: $25,300.00 The CITY OF CORPUS CHRISTI, TEXAS, hereinafter referred to as the City, Foster & Foster Actuaries and Consultants, Ft. Meyers, FL, hereinafter referred to as the Contractor, do hereby make and enter into this Amendment which, together with the Service Agreement 824 and all other duly executed Amendments, constitutes the entire agreement under the above-referenced Service Agreement between the City and the Contractor. This Amendment modifies the Agreement to include Actuarial Services for the City of Corpus Christi's Human Resources Department under the above-referenced service agreement, effective upon an issuance of a notice to proceed and through the end date of the above-referenced service agreement. lI. This Amendment modifies the Agreement Section 3 — Compensation and Payment to include Actuarial Services fees for the City of Corpus Christi's Human Resources Department. This amendment increases the current agreement value by an amount not to exceed $34,500.00 from $25,300.00 to a total value amount not to exceed $59,800.00. Section 3—Compensation and Payment currently reads: The total value of this agreement is not to exceed $25,300.00, subject to the approved extensions and changes. Payment will be made for Services completed and accepted by the City within 30 days of acceptance, subject to receipt of an acceptable invoice. All pricing must be in accordance with the attached Bid/Pricing Schedule, as shown in Attachment B, the content of which is incorporated by reference into this Agreement as if fully set out herein its entirety. Section 3—Compensation and Payment now reads: The total value of this agreement is not to exceed $59,800.00, subject to the approved extensions and changes. Payment will be made for Services completed and accepted by the City within 30 days of acceptance, subject to receipt of an acceptable invoice. All pricing must be in accordance with the attached Bid/Pricing Schedule, as shown in Attachment B, the content of which is incorporated by reference into this Agreement as if fully set out herein its entirety. 2017-003 Service Agreement No.824 Amendment No.:2 Date:November 15,2016 Page 1 of 2 1/17/17 M2017-005 Foster& Foster Actuaries INDEXED III. This Amendment amends the Agreement Attachment A— Scope of Work to add Human Resources Actuarial Services as attached. IV. This Amendment amends the Agreement Attachment B — Bid/Pricing Schedule to add Human Resources Actuarial Services as attached. The Contractor and the City agree to and shall abide by all terms and conditions of the original Service Agreement and any Amendments to that Agreement, to the extent they are not in conflict with the terms of this Amendment. (1i t24a AZ/6 4 ,:Jason L. Franken, FSA, EA, MAAA Date Maria Pedraza ate Foster& Foster Actuaries and Consultants Procurement Manager City of Corpus Christi, Texas ATTEST: R E �� i -/ (17Ce‘tij REBECCA HUERTA CITY SECRETARY sY COUNCIL_ - ....�.. .....• • i SECRFTAPv 40 Service Agreement No.824 Amendment No:2 Date:November 15,2016 Page 2 of 2 ATTACHMENT A-SCOPE OF WORK Human Resources Actuarial Services Annual Review of Self-Insured Health and Pharmacy Benefit Plans A. The City sponsors three self-insured health programs for which actuarial services are needed: 1. Citicare, covering non-uniformed personnel (both active and retirees under the age of 65) 2. Citicare Fire, covering the uniformed fire personnel 3. Citicare Police and Citicare Police CDHP, covering uniformed police personnel B. For pharmacy benefits, the plan is attached to the participant's selected health plan. C. The annual actuarial review of the standard coverage portion of the State and Local health and pharmacy benefit plans must be completed by December 1 and include: 1. Provide funding analysis for the City's self-funded health plans. Provide a report detailing the results of the plan. 2. Computation of reserves for pending and incurred-but-not-to-reported claims. Provide a report detailing the results by plan. 3. Forecast per employee per month (PEPM) costs for the following two years. ATTACHMENT B - BID/PRICING SCHEDULE City of Corpus Christi PROPOSED FEE Foster&Foster will provide the City with the requested services for the following annual fees: Annual Review of Self-Insured Health and Pharmacy Benefit Plans $11,500 ,rte ACTveRIES AN ONSut CERTIFICATE OF INTERESTED PARTIES FORM 1295 loft Complete Nos.1-4 and 6 if there are interested parties. OFFICE USE ONLY Complete Nos.1,2,3,5,and 6 if there are no interested parties. CERTIFICATION OF FILING 1 Name of business entity filing form,and the city,state and country of the business entity's place Certificate Number: of business. 2016-139231 Foster&Foster Consulting Actuaries, Inc. Oakbrook Terrace,IL United States Date Filed: 2 Name of governmental entity or state agency that Is a party to the contract for which the form is 11/21/2016 • fi City Corpus led of Corpus Christi Date dkn edged: 12320 3 Provide the identification number used by the governmental entity or state agency to track or identify the ntract,and provide a description of the services,goods,or other property to be provided under the contract. Service Agreement No.824 Actuarial Services • 4 Nature of Interest Name of Interested Party City,State,Country(place of business) (check applicable) Controlling Intermediary Foster&Foster,Inc. Fort Myers,FL United States X 5 Check only if there is NO Interested Party. ❑ 6 AFFIDAVIT I swear,or affirm,under penalty of perjury,that the above disclosure is true and correct. :e* GEENA A ZAVAL CesZ------ OFFICIAL SEAL Notary Public,State of Illinois j My Commission Expires Signature of authorized agent of contracting business entity July 17,2018 AFFIX NOTARY STAMP/SEAL ABOVE //1� //'�� {,� ,� Sworn to and subscribed before me,by the said 3. ikl 0 this the Oi 1 day of a mL.XG� 20 ISO ,to certify which,witness my hand al of office. 44471. J r rill1 C- k( Signature of officer administering oath Printed name of officer administering oath Title of administering oath Forms provided by Texas Ethics Commission www.ethics.state.tx.us Version V1.0.277