Laserfiche WebLink
Rael & Letson <br />OPEB Actuarial Services Fee Letter ◥ City of Pleasanton 3 <br />Rael & Letson Information <br />About Rael & Letson <br />Rael & Letson was established in 1963 for the sole purpose of providing actuarial and consulting <br />services on retiree healthcare and pension plans. Today, that is still our focus. In addition to our <br />headquarters in San Mateo, California, we have offices in San Diego, California; Seattle, Washington; <br />and Honolulu, Hawaii. Our client base includes hundreds of public entities, multiemployer trust <br />funds, and corporate plans. The firm overall has approximately 73 employees including 22 <br />credentialled actuaries. For more information about our firm, please visit our website at www.rael- <br />letson.com. <br /> <br />Our Team <br />The project team that would be assigned to your case has combined over 70 years of experience in <br />retiree health consulting. The following is a brief description of the actuaries that would be assigned <br />to your case along with their role and experience. <br /> <br /> Doug Pryor, Project Consultant <br />Doug will present results to the City management team, and if needed, to the City’s Council. He <br />has worked with over 100 California public sector agencies on OPEB valuations and CalPERS <br />issues. <br />Doug has a wealth of knowledge on a range of actuarial issues including all aspects of OPEB <br />reporting, benefit trust consulting, negotiations, and plan amendment cost analysis (California <br />Government Code Section 7507 certifications, compliance meetings), CalPERS analysis <br />(contribution and funded status projections with stochastic investment return modelling, <br />Supplemental Section 115 Trust analysis, assistance with Additional Discretionary Payments <br />analysis, Pension Obligation Bond risk analysis, pension Override Tax analysis certifications), <br />and many other actuarial issues public agencies face. <br />Doug is an Associate of the Society of Actuaries, a Member of the American Academy of <br />Actuaries, and an Enrolled Actuary under ERISA with over 30 years of experience in retiree health <br />and pension consulting, with expertise on CalPERS issues. <br /> <br /> Katherine Moore, Project Manager <br />Katherine will be the accountable for the work product and for checking all calculations in depth. <br />Katherine is an Associate of the Society of Actuaries and a Member of the American Academy of <br />Actuaries, with over 18 years of experience in retiree health and pension consulting. <br /> <br /> Jim Whelpley, Peer Review <br />Jim will provide important peer review for work product before it is delivered to the City. Jim has <br />been involved in writing several OPEB-related actuarial practice notes for the American Academy <br />of Actuaries as well as a revised Actuarial Standard of Practice No. 6 (“Measuring Retiree Group <br />Benefits Obligations and Determining Retiree Group Benefits Program Periodic Costs or <br />Actuarially Determined Contributions”) for the Actuarial Standards Board. <br />Jim is an Associate of the Society of Actuaries, a Member of the American Academy of Actuaries, <br />and an Enrolled Actuary under ERISA with over 30 years of experience in retiree health consulting. <br /> <br />Docusign Envelope ID: CBBDDDD1-569D-43D7-A1DA-FAD8F962C4B1