Specifications include, but are not limited to: The selected firm will be required to perform and deliver the following, as well as tasks related to completing the analysis: 1. Partner with the City to determine the data necessary for the Actuary to perform its services in relation to the defined benefit plans. 2. Treat all City information/data confidentially and seek written consent prior to public release of information resulting from the engagement. 3. Communicate directly with the designated City representatives in the Human Resource and Finance Departments, including routing all requests, reports and other communication in connection with this contract through the designated City representative(s). 4. Provide actuarial consultation and advisory services. The City expects that these services may include public testimony on any technical, policy, legal or administrative problem arising during the course of the contract. The Actuary should be readily accessible to the City by telephone, email and be available for meetings upon reasonable notice (including meetings outside the regular workday). 4. Provide such administrative forms/documents as are necessary to maintain the efficient operation of the Plans. 5. Prepare various actuarial operating tables and factors including mortality tables, option tables for annuitants, present value factors, and survivor benefit factors. 6. If changes/amendments to the Plans are proposed during the course of the contract, the Actuary shall prepare cost estimates and financial impact estimates of those proposed changes/ amendments. 7. Recommend possible improvements in the Plans’ financial and benefits structure. Throughout the contract, the Actuary will inform the City of any new developments in the retirement industry and their effect on the financial and benefit structure of the Plans. The Actuary should keep the City informed of current trends and advancements within the actuarial profession. 8. Partner with the City to develop strategies for resolving any policy or administrative problems which may arise during the course of the contract. 9. Inform the City of all new developments or changes in federal or state legislation, Government Accounting Standards (GASB) and/or tax regulations regarding financing, benefits, vesting, fiduciary responsibility or disclosure. Prepare required reports if necessary. The City expects the Actuary to assist the City in implementing federal and state laws appropriately. 10. Have a thorough knowledge of the 22, 30 and 25-year plans and the factors necessary to formulate pension calculations.