ADOPTED - JULY 28, 2009

Agenda Item No. 31

Introduced by the County Services and Finance Committees of the:

INGHAM COUNTY BOARD OF COMMISSIONERS

RESOLUTION TO AUTHORIZE A RETIREE HEALTH

 CARE ACTUARIAL STUDY

RESOLUTION #09-220

WHEREAS, Ingham County currently uses Gabriel Roeder Smith and Company to conduct its actuarial reporting; and

WHEREAS, generally accepted accounting principles require that an actuarial valuation of retiree health care be prepared at least bi-annually; and

WHEREAS, the last actuarial report was issued for the year ended December 31, 2006; and

WHEREAS, Gabriel Roeder Smith and Company has agreed to conduct this valuation in the attached proposal for the year ended December 31, 2008 at a cost of $14,810.

THEREFORE BE IT RESOLVED, that the Ingham County Board of Commissioners hereby authorizes entering into a contract with Gabriel Roeder Smith and Company, One Town Square, Suite 800, Southfield, MI 48076-3723, to conduct this bi-annual retiree health care valuation.

BE IT FURTHER RESOLVED, the total cost of $14,810 will be paid from the Employee Benefit Fund.

BE IT FURTHER RESOLVED, that the Controller/Administrator is authorized to make any necessary budget adjustments.

BE IT FURTHER RESOLVED, that the Chairperson of the Ingham County Board of Commissioners and the County Clerk are authorized to sign any contract documents consistent with this resolution and approved as to form by the County Attorney.

COUNTY SERVICES: Yeas:  Celentino, Holman, Copedge, Grebner, Vickers

Nays:  None           Absent:  Koenig   Approved 7/21/09

FINANCE:   Yeas:  Grebner, Nolan, Bahar-Cook, Tennis, Davis, Dougan

 Nays:  None          Absent:  None        Approved 7/22/09