Specifications include, but are not limited to: The consultant will be required to meet at least quarterly with Staff to review presentation materials and agenda items for the next pension committee meeting. Pension Committee meetings will be held at least quarterly, but there may be an occasional need for an additional meeting during a quarter. The consultant will be required to provide the following services: 1. Upon engagement, review and make any recommended updates or revisions to the existing “Statement of Investment Policy, Objectives and Operating Guidelines”. This should include a comprehensive review of the Plan asset allocation strategy, policy guidelines, and managers as related to the actuarial return assumption. 2. On an annual basis, review and make recommendations for changes to the existing asset allocation strategy, investment goals and actuarial return assumptions. On a quarterly basis, make re-balancing recommendations as required or deemed prudent.