Extend actuarial consulting contract by $7,600 through June 2027
In Plain English
The city self-insures for liability and workers' compensation claims instead of buying commercial insurance. State law requires annual actuarial reports to calculate how much money the city must set aside for future claim payments. The current contract with Prime Actuarial expires soon. If approved, the contract extends 2 more years at $3,800 per year.
Auto-generated summary. Source: official agenda documents.
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