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AGENDA ITEM #10.8 <br /> c��y of <br /> Pequot <br /> Lakes= -- <br /> REPORT TO CITY COUNCIL <br /> Report Prepared by: Nancy Malecha <br /> Date: January 2, 2018 <br /> Subiect: Consider Proposal for OPEB Actuarial <br /> Report: T'he GASB 75 accounting standard requires local governments to <br /> determine their liability for Other Post-Employment Benefits (OPEB) every three <br /> years. The liability amount reported on the City's financial statement is based on <br /> an actuarial valuation using the City's post-employment benefits offered (i.e. <br /> retiree benefits). <br /> It is time for the City to perform its next OPEB actuarial valuation. The attached <br /> Agreement for Consulting Services from Hildi Inc. in the amount of$2,400 is to <br /> provide these actuarial services. The attached Agreement also includes E�ibit 1 <br /> which outlines the consultant and rate schedule. <br /> Council Action Requested: Council motion approving the Agreement for <br /> Consulting Services with Hildi Inc. in the amount of$2,400 for GASB 75 actuarial <br /> valua.tion services. <br /> .'� <br />