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Fee Schedule and Statement of Work <br />Fee Schedule For Valuing Firefighters’ Pension Fund, Police Relief and Pension Fund <br />Retiree Medical and Long-Term Care Benefits for LEOFF 1 Fire and Police Employees <br />Fees <br />$ 42,000 <br /> 11,000 <br />$ 53,000 <br />Meetings and Other Billed for actual time and expense Will charge at time of service <br />(An estimate can be provided) <br />MILLIMAN, INC. <br />Daniel Wade Principal and Consulting Actuary <br />Name Title <br />August 23, 2024 <br />Signature Date <br />Reviewed and Accepted for City of Everett by: <br />Name Title <br />Signature Date <br />Our fee schedule for valuing benefits is shown below. Our fee basis assumes that no personal presentation of the report is necessary. If <br />you would like a personal presentation to interested parties, an additional charge would be made in accordance with our normal hourly <br />fees. If you have any questions, please let us know. Our fees also assume minimal customization from our standard reports. If significant <br />customization is required, additional fees may be applicable. We would be happy to discuss report customization with you. <br />* Our fees above allow for approximately four hours to review data. Additional charges could result from time spent in excess of one hour identifying and <br />correcting unusual data issues, for implementing nonstandard assumptions, or providing customized exhibits or formatting in the actuarial valuation report. <br />The contractual terms governing this assignment shall be the same as the Consulting Services Agreement between the city and Milliman, <br />Inc. If the scope of work and fees are acceptable, please have an authorized representative of the City of Everett sign below indicating <br />acceptance. <br />December 31, 2024 GASB 67, 68, 74 and 75 reporting and January 1, 2025 Actuarial Valuation <br />of Pension Benefits and Retiree Medical and Long-Term Care Benefits*: <br />December 31, 2025 GASB 67, 68, 74 and 75 reporting: <br />Subtotal for work performed between January 1, 2025 and April 15, 2026. <br />The December 31, 2024 GASB disclosures to be completed by April 2025; the January 1, 2025 actuarial valuation <br />to be completed by summer 2025. Both reports are included in the $42,000 fee for 2025. <br />The December 31, 2025 GASB disclosures to be completed by April 2026.