Specifications include, but are not limited to: 1. Perform two annual actuarial valuations of the ARRC Corporation Pension Plan in accordance with the appropriate accounting standards, one for funding of the Pension Plan and one for accounting disclosure purposes. The valuation should contain an executive summary, detailed schedules, demographics, a comprehensive explanation of the actuarial assumptions and future year projections. It must also clearly describe the reasons for actuarial gains and losses from the previous year, and any changes in assumptions and their impacts. Provide a draft version to the Committee by mid-May. Make an on-site presentation of the valuation to ARRC by the third Monday in June each year. 2. Perform two annual actuarial valuation of the ARRC Corporation Health Care Plan in accordance with the appropriate accounting standards, one for funding of the Health Care Plan and one for accounting disclosure purposes. The valuation should contain an executive summary, detailed schedules, demographics, a comprehensive explanation of the actuarial assumptions and future year projections. It must also clearly describe the reasons for actuarial gains and losses from the previous year, and any changes in assumptions and their impacts. Provide a draft version to the Committee by mid-May. Make an on-site presentation of the valuation to ARRC by the third Monday in June each year.