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5177
WILLIS OF WISCONSIN, INC.
2012 City of Bremerton GASB No. 45 Valuation
Finance
LEG 12-1
9/24/2012
11/8/2012
11/1/2012
2014
Comments :
D�rect Lme 414-203-5261
D�rect Fax 414-203-5380
E-ma�l clete.anderson@wilhs com
Septembei 24, 2012
Ms Cathy Johnson
Assistant Duectoi of Financ�al Se�v�ces
Crty of Bremei�ton
345 6th ST, #600
Bieme��ton WA 98337
Re Engagement Lette► foi C�ty of Biemerton GASB No 45 Wo�k
Dea� Ms Johnson•
This is our engagement lette� to pei�form the 2012 Crty of Biemerton GASB No. 45 valuation
wotic
Length of engagei»er�t
Wilhs will petfoim tlie City of B�emerton 2012 GASB No 45 valuahon
Nan�e and co»tact of lead actZrary
Ms Sheiyl Hemy, FSA, MAAA
Vice Piesident
Willis of Wisconsm, Inc
National Actua►ial Piachce
2323 N Mayfan Road
Stute 600
Milwaukee, WI 53226
Diiect phone 414 203 5248
Fax 414 203 5380
E-matl Sheiyl henry@willis com
Type rn�d scope of se��>>ces to be p��o>>tded
Willis will peifoim a valuation ofthe cui�rent ietuee medical benefit piog�ams This
valuat�on wtll be done m accoidance wrth GASB No 45, accounting for other post
employment benefits
A��y Imrrtations of servrces
Our proposal assumes that iesults will be p�esented and discussed by phone and tl�at we
will be peifoiming a valuation of the cuirent ptog�am
Crry of 13reme� ton 's ��esports�htlrty (clata pro>>tsrot�)
Ms Cathy Johnson
City of BremeiKon
September 24, 2012
Page 2
The Ctty of Bieraeiton will provide d�ta as iequested by Willis (under sepa�ate covei) in
tune to meet the scheduled deadlme.
SchedZrle dntes fot•�e�forn�ance rn�d completron of ser nrces
We will pi ovide the final valuat�on to the City of B� emeiton within the next 45 days Data
collection should be completed as qutckly as possible Wilhs will p�ovicie and discuss the
pielimmary iepoi�t as soon as it �s ieady, aud will prov�de the final ►epoit by the deadhne
Will�s will also iespond to questtons fiom auditois as they atise
Fees
Out fee to perfoim the valuat►on, mcluding all aspects through completion of the final
reports and answeiing questtons fiom the auditois, is $7,500 00. Wotk ottts�de the scope of
ttie pio�ect, such as modeling plan alteinatives, will be cha�ged at $300/houi oi a fixed fee
as desired
Pcryment terms
We will uivoice the City of B�emerton after dehve� mg the final repoi�t Payment is due
wrthin 30 days of ieceipt
Record 1•ete»tton
Willis will retam recoids for at least seven years
Cof�fidenhal�ty
Willis is HIPAA compltant The corpoiat�on mamtams wiitten policies and piocedu�es to
ensuie compliance wrth tlie privacy ieyuu�ements of HIPAA
If you have any yuestions iegaiding this lettei please contact me at 414 203 5261 Thank you foi
choosmg us to woik with you
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�,�'��"`!j �! L ����C � �� �(� I Z
Clete Anderson D te
V�ce Ptesident
Will�s of W�scons�n, Inc
� 0
athy J n i
Assistan ctoi of Finaucial Se�w�ces
Crty of Biemei�ton
9 �.y �a��
Date
W�llrs of 6Vrsconsu�, b�c
Nntionn! Acttrar�n! Practrce
2323 Na Ih A4ayrnn Road • Strite 600 • M�hvaukee, WI 53226
Ph (414) 973-I100 •(800) 558-1536 • Fa� (414) 203-5380
Websrte iv►>>�v wilhs com