STRATEGIC PRIORITY: Core
AGENDA DATE: September 10, 2025
COUNCIL DISTRICT(S): N/A
DEPARTMENT: Office of Procurement Services
EXECUTIVE: Donzell Gipson
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SUBJECT
Title
Authorize a five-year service contract in the amount of $955,600.00, with two one-year renewal options in the amount of $269,600.00, as detailed in the Fiscal Information section, for actuarial analysis services for the City's uniformed and civilian employee pension plans for the City Controller's Office - Deloitte Consulting LLP, most advantageous proposer of three - Total not to exceed $1,225,200.00 - Financing: General Fund (subject to annual appropriations)
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BACKGROUND
This action does not encumber funds; the purpose of a service contract is to establish firm pricing for services, for a specific term, which are ordered on an as needed basis.
This service contract will provide for actuarial analysis services for the City's uniform and civilian employee pension plans for the City Controller's Office. The City is required to hire an actuary to annually calculate the actuarially determined contribution amounts for the pension plans.
Annual reviews of the pension plans are necessary to ensure the city agrees with the actuarial pension practices and calculations of the work performed by the pension systems.
This service will also assist in determining the reasonableness of actuarial assumptions used in the valuations and include analysis of the reports to ensure compliance with generally accepted accounting principles.
A six-member committee from the following departments reviewed and evaluated the qualifications:
* Budget and Management Services (1)
* City Controller's Office (2)
* Dallas Fire-Rescue Department (1)
* Office of Procurement Services (2)*
*The Office of Procurement Services evaluated cost, local preference, and the Business Inclusion and Development Plan, if applicable.
The committee...
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