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RFP SM-FN 2010-16 FOSTER & FOSTERio 1 1 1 Tableo to ts ...................................................................... ............................... RFPChecklist ........................................................................... ............................... 3 Letterof Transmittal ................................................................ ............................... Profile......................................................................................... ............................... Background Information ......................................................... ............................... 6 Company History and Structure .............................................. ............................... 7 ClientList ................................................................................. ..............................7 Litigation and Relationship ..................................................... ............................... 8 Equal Employment Opportunity ............................................. ............................... 8 WhyChoose Us ....................................................................... ............................... 9 Qualifications........................................................................... ..............................1 StaffBiographies ..................................................................... .............................13 Proposedroar h & Schedule ............................................ ..............................1 Methodology......................................................................... ............................... 16 Other Products & Services .................................................... ............................... 16 References................................................................................ ............................... FeeProposal ............................................................................ ............................... 1 F a s I � r & I q.,a trr, In, NAME OF COMPANY: EQ��)Tu t voffrT-7-?, � INC. PROPOSER'S NAME: Aa. r Hm South Miami Actuarial Consulting Services RFP 2010-16 13 of 23 F Y"' Oster&Foster. Actuarial Consultants for Retirement Programs Lerrej- of TranNinittal 3TWOMIRUINU Re: Actuarial Services for the City of South Miami Dear Ms. Rivera, 13420 Parker Commons Blvd., Suite 104 Fort Myers, FL 33912 - (239) 433-5500 - Fax (239) 481-0634 - www,foster-foster.com 41 F o s t c r N I ,,, f i . I n, It is our opinion that we are uniquely qualified and would be the best applicant r for the following reasons: Bradley r actuary and principal proposal, purposes of this r and reached can be at the mailing address and telephone number printed below. My email address brad4foster-foster.com. understands Our firm r would consider it a privilege to serve the City as their pension actuary. If you have any questions are prepared to provide, r I. 13420 Parker Commons Blvd., Suite 104 Fart Myers, FL 33812 , ( 39) 433 -5900 • Fax (239) 461 - .foster- foster.com 51 Fostcr & I �!�ar In, Profile Background Information Foster & Foster Consulting Actuaries - Inc. d /b /a Foster & Foster Inc., a Florida corporation, is a the highest distinction an actuary can obtain. Our firm also has a strong support staff with teams devoted to data preparation collection and asset reconciliation. We currently have offices in Fort Myers, FL, Oak Terrace- IL i Lincolnshire- IL Our office of primary located contact is address: 13420 Parker }lI,Irmon7s Blvd- Sidle 10 Fort ,l tyer°s, Florida 33912 Telephone. (239) 433 -5500 Facsimile: (239) 481 -063 Marl. IIara(afb5t 7°° fa,StLet'.C77lIS i4 "IS'1$.'f}.StE'I`•-t?.5 °dc'1 m C°(}!It local Foster &- Foster, Inc. is currently providing ongoing support to more than 200 i State- throughout the additional r i Funds 20+ year contract with the Division of Retirement. We work almost exclusively with public retirement and other post employment i i plans and consider phases design and adininistration of these programs. 1 F o ter & I 1 ta=b, Iii History and x tp Foster & Foster, Inc. was founded in Gainesville in June 1979 by Ward and Eileen Foster. In that first year, the firm had one client and revenues of $1,500. Since that time, Foster & Foster has grown to be predominant r profitable have revenues in excess of $5.0 million and are a President of Foster & Foster. Inc, since 2005. Ward Foster was President of pride do more to educate these individuals Florida are frequent speakers at Pension meetings, Retirement Florida Division of r Fire conferences, r Client List Please find a list of similar municipal engagements satisfactorily performed within the past two (2) years in the tabbed section labeled "Client List. " 71 F oz, tcr e�, 1 7,_ I s . In, Litigation and Relationship Equal Employment _ Opportunity Foster & Foster Inc. does not discriminate on any person, employee, or applicant for employment, due to race, creed,, color, religion, sex, national origin, ancestry, age or disability. The firm is SO ro woman - owned, and half of our consultants and staff are women. Foster & Foster Inc. is an Equal Opportunity Employer. ii °.'aer & I ,t�:, In Wh� Choose U exceeding Mission: Provide municipal clients with unparalleled service by generating meaningful results, i i committed Values: We are organization F professionalism. We embrace performance and strony discipline combined when with our inission- will help us realize our vision. s I -TM ic sector, oTr s nave a very 1 grasp oir-trie needs of our clients. Whether proposing desires membership and the constraints ofthe plan sponsors understood. Commission to the City Council, our consultants are easily i professional, and • Accuracy • Timelinessi Responsiveness • Communication Ability • Cost • Value Added There are a couple of ways that we ensure accuracy in our work. require First, we . actuaries review each item prior to it being Nothing leaves our office without a minimum of two sets of eyes reviewing it, Second, we use the best actuarial valuation software money can buy. ProVal was developed by WinTech in Greenwich, CT., r is THE state-of-the-art in actuarial valuation software. This PC-based -software is entirel-ii which eliminates the time and cxj.cense associated with maintainin'p ind operating a mainframe system. The software creates an electronic audit trail that provides ­xcellent documentation. This allows for an easy transfer of information between actuaries and ensures accuracy in valuation results. 9 1 F n s I e r 6, 1 o,I, i . In, _ Choose Us (Continued) Time lnes /Res onsivene s Our fire, has over 200 public sector clients, yet part of our mission is to make each client feel like they are our only client. Because of the specialized nature of our firm, we have developed economies of scale in operations. This allows us to make the following promises to our clients; Benefit calculations will be performed in no more than 10 business days. 77cTu—a—rP5PTMuations will 5e r .1 necessary demographic and financial information. Because we perform our own asset reconciliation audited assets arLtj ' 11 t necessa for us to erform the valuation- so our r Communication Ability We feel that flooding a client with words is not effective communication. Being clear, concise and articulate is a much better approach in our view. Our reports bear that out- as they are some of the clearest and easiest to read. competitors: The firm prides itself in being the lowest cost provider in the marketplace. The following attributes make us somewhat unique among our The structure of our organization is one that minimizes fixed overhead, allowing, us to bill our clients less than our competitors, while still maintaining our mission of providing unparalleled service. scheduling We split travel costs among clients whose meetings occur on the same trip, so your meeting on the same day as the other cities in your area would save the plans intended We give impartial advice as to whether or not performing a study might achieve the results of the client. • Most of our work is a fixed cost_ articulated clearly in advance. so there are no hidden charges. 1 1FOSter & I .`,.atLl. In _ " y Choose Us (Contin Cost (Con inued) Our hourly billing rates for other work are notoriously among the lowest in the industry, database, Our experience with such a large number of clients has allowed us to build up a vast public plans database. From this i plan versus another in areas su salary as funded status, investment return, M that clients enjoy seeing how their plan compares with other plans of similar make-up. Sample schedules are i f in the tabbed section named Sample Schedules. Additionally, enjoyed our online calculator. Beings provide Finally, our finn has created very user - friendly projection tools that are useful to our clients in the way of plan design or assumption setting. Bent Retention hired Ultimately, actuaries are and fired based upon their abilities to communicate accurate results in a timely manner; but do so at a reasonable cost. The only true way of knowing this is to take the firm for a "test-drive," but a strong indicator for overall performance is client retention. We have been the actuar) for almost half of our clients for 15+ years. Please find a Client Retention Graph page. 111Fo.T,er & I ,tvi. Iota d \±2 \± \±2 \ } *GEms \ mamim \mss than Years 12[E /K1cz c:y& \E, !o /: t � Staff Biographies r WATP 1 • Doug r Drew Ballard. MEMOt IM iii=. - IIrT►iiim*hi:tT�i' graduated Mr. Lozen from Michigan Technological University with a B.S. in applied liolds a Masters Degree in Mathematics Education pension years of harge of the data collection. analysis bencfit calculations and any miscellaneous reguests made by Brad or Jason. He perforrns approximately 50 actuarial valuations each year. Estimated hours: Hours* Mr. Ballard is a 2009 graduate _ with : B. focus will be r precision of all benefit calculation and buyback c Drew is quickly passing actuarial exams and will likely be a credited actuary long before of this contract. He performs over 250 benefit calculations and buyback requests Estimated r Hours* 13 1 F o s I c r & I ,� °,Ia i, Ian Qualifications (Continued) Staff Biographies (Continued) WU 1 t r 1 are Ernie Majoras, Ferrell enne r Mary Jean Gloudenian. ic r funds and coordinates office production. He has extensive knowledge Florida r 1 federal pension i has more than 10 years experience Estimated hours: 10 Hours* r 1 1 MEMO= r 1 manipulation r general administrative inquires. Estimated r Hours* *)estimated hours are founded solely on the production of the Valuation. providing Foster & Foster Inc has been i consists of highly credentialed actuarial consultants as well as general retirement specialists. Thirty eight percent (380," ) of our actuarial staff are Fellows of the Society of Actuaries . percent tabbed are Enrolled Actuaries. Please refer to the section labeled -Prior Calculations'* for examples of prior calculations of bencf7it structures and prior benefit adjustment 14 1 Fos.Ier & I t,,t�; In .' 15 1 Fo s t e r &, I �- , t , i , Its,; Proposed Approach &Schedule (Continued) Methodology Florida. We will use a similar methodology that we use with nearly 200 local ordinance plans in the State of place to perform all of the listed services, including benefit benefit calculations- annual leading r perform these - r . per year so we have developed I NIPPON FIRM IN 11 r needs students, ensures we arc able to meet the do not solicit any outside assistance with the performance of anx task. We meet our contractual obligations and exceed our clients' expectations. r 1 a In addition to the regular annual services outlined on the previous page, we are also prepared to perform the following special services: ' r f' ; i ► L 161 F o ter & 1 ,tct', lax, r 1 1 1 r . Prepare supplemental and financial information required Surnmary Plan Description. (Brad Heinrichs, Jason r Doug Lozen) required 7. Preparation of describe methods, implementation of alternative benefit improvements or changes in actuarial assumptions and (Brad i son Franken, Doug refunds S. Calculate t Jean Glor(denjan, Doug Lozen, Brad predict 9, Analyze funding trends to (Brad Heinrielis, Jason r studies 10. Perform experience r provide assumptions. actuarial (Brad Heinrichs, Jason Franken, Doug Lozen) improvements. 11. Perform general advice and counsel on the Plan and benetit structures on possible plan changes and (Brad t Conduct r Hoc Committee and City staff to explain fund r (Brad 13. Assist in defining r evaluating specific goals and objectives for the Plans, Jason Franken, Doug regarding 14. Advise r .r le pension regulations and legislation and make recommendations required to ensure continued plan compliance. (Brad Heinrichs, Jason Frankell, Doug Lozen, Dren, Ballard) r r • r r " I 1711.- 1. r & I : ,.t; . In, Please refer to the tabbed section labeled "Client List" %Nhich contains contact information forever-, client that we provide actuarial consulting services to. 18 11 #o ter & 1 I, a. Iit� a k a) With regard to the Actuarial Consulting Services described herein, other than o of transaction, with a please propose (..' amount of 1 proposed fee on a fix annual cost, payable • Performance of the annual Actuarial Valuation r Report. will determine the funding requirements and generally review the experience Plan. Bureau Preparation of information required for the Retirement Preparation 112 Florida Statutes. I disclosure infonnation for auditors Accounting Standarm. Board Statements No. 25 and Preparation • • projected, benefits, accumulated • One meeting with the City to discuss the valuation results and to answer any pending questions. report Actuarial valuation Police $14,500.00 i .• s 191FnSt1;I- & I , %tL�, Ins Proposal (Continued) Fee { With respect to additional agreed upon services that may be best performed ,I hourl 1 please provide yH proposed i. i 11 i' 1 1 1 on a time and expenses basis, of hourly billing rates for the firm and any proposed charges. i 2. Perfonn ° buN hack " calculations for $200. i` 5. Update the Summary Plan Description for $2,000 or fees in accordance with our hourly rate, if lower. 6. Prepare supplemental actuarial 1 financial information for inclusion in the required Summary Description Plan required 7. Preparation of Actuarial Impact implementation # methods. The fee for this work is '. impact invoiced will be . 10. Perfonn experience studies to help provide the City with historical data to use when selecting actuarial assumptions. 20 1FkA,tK.r & I ,,k,rk,'o In Fee Proposal (Continued) 11. Perform general advice and counsel on the Plan and benefit structures on possible plan changes and improvements. Conduct fund r actuarial assumptions r r w regarding 14. Advise r .r and legislation and make recommendations continued required to ensure plan compliance. 15. Perform other general consulting services via telephone, email, or facsimile outside of what is previously stipulated. r LO complete r ' Senior Actuarial Consultant $300 Actuarial Consultant $250 Actuarial Analyst $200 Administrative/Clerical $100 211 1"ost r 6, 1 - :,-t5 '. 1n, Proposal (Continued) c) Fee proposal must be itemized in a format provided in the Scope of Services. Importing • Police data • payroll Provide This is huluded in the valuation.lec. . l advice and counsel on the Plan and benefit and improvements. Please See the hourli, ratei fablc below. Calculate and report the cost of changes in benefit structure for the purpose of'runway models and projections. Fees for such projects would either he billed at our hrulrly rate or fin- a spe c•lf ied cirrlrrtlrlt; tt'Itic °1rct't ®r° %s rrror°e eoyt c'ffc'c °tn'c' Jirr° tllc C'itl °° Ii'c' tt °ilI pr °rn'it{c' cl firrr1Ji °c quotation pr °irrr to commencing anY work tit the Uity s request. Meet, as necessary, with the Pension Ad Hoe Committee and City Staff to explain changes to the Fund and actuarial assumptions; based on certain projections or changes. Please see the how-Ir rates table below. TrITTREM Senior Actuarial Consultant $300 Actuarial Consultant $250 Actuarial Analyst $200 Administrative/Clerical $100 Anticipated Expenses Structure (i.e. copy per page amount, etc.) Ourfirin does not char ec ff)1° aril° foxes or copies, Travel to incelings it-ill he charged at rz of'the hoods° rate plus aril' out of pocket expenses. 221Fo,tL, r v, 1 ,.I• m'. In, HOLD HARMLESS AND INDEMNITY 1 U [a (Company Name andllAt"olri*�00 Sigqa�4 further certifies that it wi meet all insumace reqW to produce valid, timely certificates of coverage. City of South Miami and agrees The undersigned, as Proposer (herein used in the masculine singular, irrespective of actual gend and number) declares, under oath that no other person has any interest in this Proposal or in a resulting agreement to which this Proposal pertains, that this Proposal is not made with connecti or arrangement with any other persons and without collusion or fraud. I The Proposer further declares that he has complied in every respect with all the instructions Proposers, that he has read all addenda, if any, issued prior • the opening of Proposals, and that has satisfied himself fully relative to all matters and conditions with respect to the gene conditions of the agreement and all relevant information to which this proposal pertains. I South Miami Actuarial Consulting Services RFP 2010-16 11 of 23 FEEPROPOSAL ACTUARIAL CONSULTING SERVICES — PENSION PLAN FOR GENERAL X POLICE EMPLOYEES a) With regard to the Actuarial Consulting Services described herein, other than in connection with a transaction, please propose the amount of your proposed fee on a fix annual cost, payable monthly. b) With respect to additional agreed upon services that may be best performed on an hourly basis, please provide your proposed compensation • a time and expense basis, with a list • hourly billing rates for the firm and any proposed charges. c) Fee Proposal must Itemized in the format provide in the Scope of Services. I! amm-1111!11111111 - 4 a. 0 - 0 a sm■ r� W,. Provide general advice and counsel on the Plan and benefit structures on possible plan changes and improvements. c. Calculate and report the cost of changes in benefit structure for the purpose of runway models & projections. d. Meet, as necessary, with the Pension Ad Hoc Committee and City Staff to explain changes to the Fund and actuarial assumptions . Based on certain projections or changes. e. Anticipated Expense Structure (i.e. copy per page amount, etc.) t--ILV�fi RE-F-EV TO I r-, CATT---JQ \ N TOE- K F P South Miami Actuarial Consulting Services RFP 2010-16 12 of 23 ATTACHMENT 1— City Pension Plan (General And Police) South Miami Actuarial Consulting Services RFP 2010-16 14 of 23 STATE • FLORIDA &WO "ENMVA70 -being first duly sworn, deposes and says that: (1) HelShe/Theyls/arethe O)NNEg (Owner. Partner, Officer, Representative or Agent) of FOWEKi_K�) fN�C- the BIDDER that has submitted the attached Bid, q'qq110 Date South Miami Actuarial Consulting Services RFP 20 10- 16 1 5 of 23 MRKRWRZWr� Type of Identification Produced Did take an oath, or Did Not take an oath, .32 KATHLEEN MARIE (YEIRIEN ra° MY COMMISSION #DD92&3B2 EXPIRES: OCT 12, 2013 Bonded trough 1 sl Stale Insurance (Name of Notary Public: Print, Stamp or type as South Miami Actuarial Consulting Services RFP 2010-16 16 of a The award of any contract hereunder is subject to the provisions of Chapter 112, Florida State Statutes. BIDDERS must disclose with their Bids, the name of any officer, director, partner, associate or agent who is also �,n officer or employee of South Miami or its agencies. THIS FORM MUST BE SIGNED AND SWORN TO IN THE PRESENCE OF A NOTARY PUBLIC OR OTHER OFFICIAL AUTHORIZED TO ADMINISTER OATHS, I This sworn statement is submitted to [print name of the public entity] [print individual's name and title] For [print name of entity submitting sworn statement] 3. 1 understand that "convicted" or "conviction" as defined in Paragraph 287,133 (1)(b), Florida Statut means a finding of guilt or a conviction of a public entity crime, with or without an adjudication of guilt, in al South Miami Actuarial Consulting Services RFP 2010-16 17 of )-I federal or state trial court of record relating to charges brought by indictment or information after July 1, 1989, as a result of a jury verdict, non-jury trial, or entry of a plea of guilty or nolo contendere. I I . . 1 11 1 1 - I - . V The entity submitting this sworn statemem or one or more of its officers, directors, executives, partners, shareholders, em lo ees, members, or a ents who are active in the mana ment P I VAFI� re] South Miami Actuarial Consulting Services RFP 2010-16 i 1 8 of 23 Sworn to and subscribed before me this day of Y" t r 12010. Personally known OR Produced identification IV IA- Notary Public — State of ty M 7 commission expires alb W, I ;k --AV, 3 (Printed, typed or stamped commissioned name of notary public) South Miami Actuarial Consulting Services RFP 2010-16 1 9 of 23 DRUG FREE WORKPLACE qTTR,-- I-evel TIFT-71 9 1 1 , - - LO price, qlailty and service are received by the Rate or by any political subdivisions for the procurement of commodities or contractual services, a Bid received from P, business that certifies that it has implemented a drug-free workplace program shall be given preference in the award Process, Established procedures for drug-free workplace program. In order to have a drug-free workplace program, a business shall: 1) Publish a statement notifying employees that the unlawful manufacture, distribution, dispensing, 4 * ehyrieit - WZ 2:14 5�ffadp taken against employees for violations of such prohibition. 2) Inform employees about the dangers ► drug abuse in the workplace, the business' policy of �4ncl the penalties that may be imposed upon employees for drug abuse violations. I M 4� all 6) Make a good faith effort to continue to maintain a drug-free workplace through implementation of this section. As the person authorized to sign the statement, I certify that this firm complies fully with the above requirements. MENNO Date. j U9 11C South Miami Actuarial Consulting Services RFP 2010-16 20 of 23 ME [ion South Miami Actuarial Consulting Services RFP 2010-16 21 of 23 Wfu0jawnwi CI.IFNI %IAILlN(.ADI)R1Y, {GNI.AC'1 rill.!... 111.FPHONI ".. ARCADIA POLICI & F[RI:: P O. Box 1000 MATT ANDERSON CHAIRMAN '.863) 991 4660 Arcadia II 34265 2W Change tree Einve AILANTIS POLICI (-LY'DF FARMER CHAIRMAT 5611955.1744 AtlantisF1:33462. 21629 Surfing Pa.%s AUBITINDALE FIW SlfSY PITA ADM I' 78 " - °7 ®` Ishur FL 34740352! ze Al BUANDAI.F GENFRAI- P 0 _Box 186 SHIRLEY LOWRANCI F C RAN E DIR 863! 46t -SI" Aubumdale FL 33823 At;Bi'RNDALE POLICE, 21629 Stulmg Pass SUSY PITA ADMIN. `3521 7 -1.91" Eeesburr FI 34748 AVENTL'RA POLICl 19200 W Country Club Dr MARC- GRFF.NBFRi CHAIRMAN, (30514W999Y Aventura, FI. 33180 2404 West Russ Road AVON' PARK FIRI. CAROL KNAPP .ADMIN. (0631441-0111 Avon Park P1 3382 AVON PARK FOLIC; 2404 West Russ Road CAROL KNAPP ADMIN 863) 443 01s' Avon Park FL 33825 HAt HARBOUR POI.lCl 2955 M rile Circle } JOAN! N'AL1. A[)M! v 0541723 -0521 Dave .Fl 33328.6739. BARTOA FIR1• ' 110 East Church Street JAMES SCHAILI CHAIRMAN (8631534-5044 Bartow FL 33930 BART0W GENERA',- 450 Nti Wilson Avenue DAVID WR1GH -i I INANCE DIR (8631 534 0100 Bartow Fl 33830 BARTOW POI.lC1 450 North Broadway DAVID RFYNOLD'S CHAIRMAN (8439 534.51 °14 Bartow FI 33830 110 th MI K Blvd West BELLE GI ADF GFNFRAI SIIERRiF Dl1LAN'' CHAIRMAN (5611996-0 1 Of' Belle Glade F1 33430 BELLE GIADF POI ICI 110 Be ME Blvd West GWFNDOI YN WILLIAMS CHAIRMAN (5610f)"100 Bellc Glade FI 33430 2747 Sun Blvd. set HF:I:LEAIR B[.I'FF'S FIR] STEVE LAtiGER1 C'HA[RAIARS `'727} 6R7 -9111' Belleau Bluffs FI 33770 _ HFLLEAIR POLICI 901 Ponce Dc Leon Blvd DONNA CkRLEN RFCORDING SEC _ `727) 588-1169 Belleau FL 33756 BELL I:VIFIA° POT 5350 SF 110th 5 TERRY HOLLAND CHAIRMAN 352} 245 -1 Belleview IT 34420 BO CA GRAN DL FIRI P 0. Box 532 NANCY COLE MA*, 0413 -2908 Gram F'! 3342! BQNF[A SPRINGS FIRI 27701 Poona a de Dr LEO V4ILI.FT'Tf CHAIRMAN 1239}444 -6200 Bonita S n s F'I:- 14135 27701 Bonita G do Dr $ON[TA SPRINGS GF.RF RAI 7EI) KAKI IS OR DIR {234} 949 62pn Boom S n Fl_ 34!35 1010 MLK Avenue 'A BRADENTON FIM TOM %4O0DI� t "HAIRMA ". 1941) 708 -6248 Bradenton FI 34205 BROOKSVII.LE FIRI 85 Veterans Avenue SUSAN MCCRARY SFCRFTAR`s 1352) 544 -5445 B s"De FI.. 34601 BROOKSS'ILLE POI ICL 201 Howell Avenue JIM DFLATCH ASST FINANCI 1352) 544 -5400 Brooksville FL 34601 DIR Bl1NNFLI. FIRE: 1800 Old Moody Boulevard DEREK FR.ASER CHAIRMAN 1386) 931 -0871 Bunnell FL 32110 BUSTIN ELL GENERA!. P.0. Box 115 JQY COLEMAn' FINANCE DIR '1352} 793 -2591 Bush!! Fl. 33513 BUSHNELL POLICE P.O Box 115 JOY COLEMAN FINANCE DIR (352) 793.2591 Bushnell FL 33513 CAPE CORAL FIRI P.O Box 152665 LEONARD NESTA CIIAIRMA? 2391542.0702 Ca 'Cora1 FL 33915 CAPE CORAL GENF:RAt P.Q. Box 152665 BRIAN FFNSKI CHAIRMAN (2341 574 -0673 Ca Ccra1 f` 33915 CAPE CORAL FOLK! P.O Box 152665 [APT MIKE MAHER CHAIRMAN 1239) 242 1341 Ca Coral Fl 33915 C'ASSFI:B FRRY PO[ ICF & FIR1 95 Tnplet I ake Dr JOHN PAVE], �('HIEL 1407) 262 -7100 Cassel FI 32707 5303 West 25th Street r- C'ICERO FIR: -cce: DONALD SAEVTNO TRUSTE1 1081 652 -0174 Utce ra 1I 60804 . ( CHILDRFNS° Hi1MSOSOCIFTY 01 1485 5 Scmitran Blvd, Surte 1444 _ _021) 397 -3000 FLORIDA Winter Park, IT 32792 BOB WYDRA CIO x227 COCOA BEACH FIRI P.O. Box 3224 10 PATRICK COX SFCRF.TAR °: 13213 868.12 5" Cam ch Fl 32932 COCOA BEACH GF.NERA1 2 South Orlando Ave. CHARLES HOLL4ND CHAIRMAN 13211 868.3320 Cocoa h Fly 32931 COCOA BEACH POLICI 2 South Orlando Ave DEBBIE GRAN;, ADMIN 13213 868 2271 Cocoa Beach FI 32931 ASSISTANT I ➢11 Bu am , ircet COCOA FIRM :> Cocoa, FI 32922 -6836 NORRIS PART;- UHAIRMAT: (321) 690 -1891 5 tone COCOA GENERAI FL C FL 32922 MELISSA MCCARTH °:' CHAIRMAT, (321) 6x-4.7550 3960 Road COCOA POLICI: SHF.fI:A HUTCHI SO' ADASITR f321) 2b7 3082 M'ms Fl® 32754 COOPER CITY MGMf EMF1A5 °EES Box 290910 HORACIOMONTES DE OCA FINANCE DIR (454}434 -4100 [ Cit Fl -33329 GENERAL L 715 North Furdon Blvd KATHY AIISTih : ADM N' (85W 682.6132 Cee5m— FL 32536 ASSISTANT' CREST VIEW POLICE & FEW IIS North F urdon Blvd. KATHY AUSTIN ADM IN 1850) 682 -6132 Crestview F1 32536 ASSISTANS DADE CITY FIR. P.O. Box 1355 )AMES CLASS FINANCE DIR x352) $21-5052 Dade Cuv. FL 33526 DADS CITY POLICI P O. Box 1353 ) 4hiES CLASH F[NANC'F DIR 352) 529 -5052 Dad Cs FL 33 26 DELANDFIRI 120 South Florida Avenue SAM FILCHER CHAIRMA *. (386) '40.5834 D_cIand FI. 32720.5481 CLIF NT %1 kILFNG ADDRI SS ( ON'TA( I II'l14 l'lI.I.PH( ?N} DELRAY BEACH P01 ICE & FIRI 509 Homewood Blvd ANNE WOOD�, PLAN ADMP, 1561) 241 -470°' U 1 B � hF'L 11945. IIELTON:A FIRI 135 Willcams Ave LISA SPRIG(1S PLAN ADMIN 4321) 363 7945 ran ^e 1 FI..327 3 DE:STIN FIR]' - -. 848 Airport Road TONY CARROLI,. CHAIRMAN 1850) 837 -8413 FL ? xAl DI'NEDTN FIRI 548 PATRICK KROLGER PLAN AD-MIN ,727) °'T' -1541 P lm H Ft- a4 82 D W MCMILLAN HOSPITAL 1301 Belleville Ave CHRIS GRIFFIN ADMIT, 4251) 809 -9398 Br wt AI. I AS7'LAKE TARPON FIRI 4072 Belmom Dn%c RICHARD LIIBERT CHAIRMAA. (727) 7855530 Palm RD r FL 34 5 EAST NAPI -FS FIR]::. 10261 Windsor Way. JOYCEANNA RAUTIO PLAN ADMP, 1239) 591 -1130 N Min, FL a4122.11 kk EDGEWAIERkIRI° 104 N. Riverside Dnve ILMdOLL[ „': ['1{AIRM:4 "J {3861 424-2441 L ° w t Fl - a E[)GEWATERGFNFRAI P 0 BOX 100 I}(iNNALOONEY PI.RSUNNELDEPT (366)424.2408 F w11 FL 21 2 F:DGFW'ATF.RPOI -ICI P.O. BOX 104 GAR1' CUNROY SECftFTAR', (396)424.2400 Ld w °1 Fl ]2132 ENGLEWOOD FIR& 516 Paul Mons Dr SCOTT LAN] ('HAIRMA' (9411474-3311 Ln 1 TI ^' LNGLEWOOD WATER DISTRICT 201 Selma Avenue 'ENDY TOLLEY 0411460-1012 Lrazlewood. Fl 34295 EUSTIS F FRI 100 W °rarion Avenue PATRR'K CON NOLLY CHAIRMA', (352) 357 -6565 I:u to FL -a2T' FERN'ANDINA BEACH GF.NFRAL- 204 Ash Street ROBIN MARITY HR DIR (904) 277 -7121 F i 8 ich Fh 32Q14 FERN ANDINA BEACH POLICE & 204 Ash Stree4 ROBIN MARLF "I- IIR DIR (904) 277 -7321 LIRI F m B h FI 32034 FLAGLER BEACH F IRI: S F7a8leh Avenue SHANE WOOD SECRETAR : (386) 51 %2010 FlaakT Fe 213 FROSTPROOF POLICI 2401 53rd Sir"( Sauh DEANNA HIGG INS ACTING CHIEi (863) 635 -7849 ul n FL 7 7 IT M e "EASTIRI' 2404 MLK Jr Blvd GREG POUNDERS VICE CHAIRMAN (239) 114-6222 rt ers F M FL 3 1 FT MYERSGFNERAI.. P.O. Drawer 2217 JOAN LIGH -, CILAIRMA' (2391461.',757 Fa -M FL F7 h1YERS POLIO, ' 2216 Widman Way WILLIAM NEW'HOI'SL ['HAIRMA ": (2391338-2179 Fit M r FL Fl WA1,7UN' BEACH FIRI:: 5 Holly3v Blvd Nli ERVIN 1fEMPl SECRFTAR'. (85U) 240-9540 Fe nft 2n h FL 254 FT WALTON BEACH POLICI' 7 Hollywood Blvd, N1 CAFT ROSE: BERRY CHAIRMA ", (850) 8334536 Frt)'R B liFT. 32548 GUITPORI'1`1111 240153rdStreetS CHRISTINE BROWN SPC'VIC (727)893.1059 Gultricim FL 33707 CHATRMA'. GUI -FPORT GFNFRA? 2401 53rd S i 5 EARL REEVE'. , HR OFFICER (727) 893,100® ul FL D727 GULFPORT POLIO' 2502 56th Street S MIKE ARRAS CHAIRMAN (7271893 -1021 u FL 7 7 HAINES CITY FIRI P.O. Box 1507 MARK BAKER CHAIRMA ". (863) 421 -3612 4 IiAINES CITY GENERAI - 502 F Hanson Avenue DONALD CARTER FINANCE DIR (863) 421.3600 1 f m FL 33844 .. {SINES CITY POLICI 3SA[K7 Highway 27 JEFFREY SAURO * CHATRMA. (863) 42L,3636 H m i FI 344 HALLANDALE BEACH POLICE 4360 Nmihlake Blvd, Sic 206 ' AUDREY ROSS PI:AN ADMTN (561) 459 -300'' FIRI__ P lm B h FI 4 HOLLY HILT. FIRI 1020 Daytona Avenue CHARLIE COBB CHAIRMA? 1386) 248 4470 H Il Hill FI. 3211T HOLLY HILL POLICI 1 M Ridgewood Avenue JOE BORELLI CHAIRMA',; (3861248.948 Hol1v Hill. FL 32117 HOI.MFS BEACH POLIO ",' 5801 Manna Dr DAI.F ST'EPHENSOF CHAIRMA ?, (941) TO8 -5807 H P B h FL 34217 IND1A1 :ANT1C GENERA? - 216 Fifth Avenue L:AU EATOP. TOWN CLER1 (3211723-2!11 In 1 h FI. 24 3 INOIAL.ANTIC POLICE & FIRI 2116 'th Ave nue LAURA EATON TOWN CLERK 4321) 723.2533 FL 24 INDIAN HARBOUR BEACH POLICE Cheyenne BOB SULLIVA ", CIIAIRMAT. (321) 773 -3030 [n rtB ch FI 2 7 JONESBORO P.O Box 1845 JIM EAGAN ASST FIN ANCI 4870) 932 -0820 1MOk= 7240 -1845 DIR KISSIMMEE FIRI! 101 N. Church Streei ALICIA SHARPF ASST DIRECTOR 4407) 518 -2115 Kt t Fl_. _14 741 - KISSIM EE POLICI- 101 N. Chureh Street ALICIA SHARP!" ASST DIRECTOR 4407) 518 -2115 KigunmrS, Fl.. 4741. K955IMMEF UTILITY A[ AUTHORITY 1701 W. Canoll Street LISADAVIs ADMP= 1407)933.9803 K' Fl. 4741 LADY LAKE POLICI 409 Ferancll Blvd ROBERT COOK CHAIRMA% 03521 751F0885 Lady I_jkc FL 3215 9 LAKE ALFRED GENERAI.: 155 E Pomelo Si LARRY FIARBL'Cl'ti CHAIRMAN 9863) 291.5275 [ Al F[. S LAKF %LFRED POLIC[ 190 N Seminole St ART BODENHEIMER CHAIRMAN 18631 2915200 Lak& AlhXd, FL- 5 LAKE CITY POI.9CP; 225 N W Mam Blvd ANDY MILES SECRETARY :13861 758 -5421 1 / FL 32 SS LAKE MARY POLICi PO Box 958445 RON'NIE GREGORY CHAFRMA', 1407) 5851303 Lake Mary , FI. 32795 INTUSSIRFM (L.It+i MAILINGADDRLS: (ORIA( "1 HILt itA F.PHON1 LAKE PARK POLICE 4360 Northlake Blvd. Ste 206 SCOTT BAKER PLAN ADMIT (561) 624 -32 -' P Im$ h ^+r F1 � 41a1 LAKE WAL I-S FIRI P 0 Box 49085' SI -SY PITA ADML4 352) 781 -9791 LtU&r&Fl , 14749U57 LAKE WAIFS GFNF.RAl P O. Box 1320 KATIF KIN[ OCk BOARD MFMBFR 863) 6784152 3 54 LAKE 11`A1,P5 POLICI? P 0 Box 490857 SllSY PITA ADMIN 352) 787.979.5 l a ur IT 4749 -4 57 IAKEI :AND FIRI Silo N Law parker Ave DANABLYDENBtJRG }! PENSION BEN 18437634.879' lake) d FI l M R LAKELAND POLIO 5DO N Lake Parker Ave DANA BLYDFNBC;RGH PENSION BET 48631 834-9797 I k N FL 3 1 M R L.EF.SBI'RG FIRI 201 South Canal Street JERRY PONE,, UHAIR AN 1352) 728 -9782 I es r FI 34748 LFFSBIJRGGENERAI- P.O. Box 4 34 BOB BROW?, CHAIRMAN 052) 728 -9723 e FL 4749 L.EE5BURG POLICI 115 East Magnolia Street JAMES DUNAGE': CHAIRMA* 1352) 728.9860 Ines r Fl '3474 LIVE OAK FIRI 10I S E White Ave JAN PARKHIJRSI` FINANCE DIR 17") 68R•3429 Liva Qak, FL 2 LONGBOAT KEY FIRI 501 Bay Isles Road KEITH TANNER CHAIRMAN (941) 31( -1944 Lp a tK -FL 4 2 o LONGBOAT KEYGENERAl. 501 BaytIl Road DCJNNASPENCER CHAIRMA': (941) 316 -1944 2 LONGBOAT KI-Y POLICI 501 Bay Isle Road RANDY THOMPSON SECRFTARY (941) 316 -1971 ! n t K F'L 3422 1 YNN HAVEN FIAT' 1412 Pennsylvania Ave DAARELL HERNANDEZ, JR SECRETARY (850) 265 -4111 Linn H v FL 32444 LYNN HAVEN' GENEAAI, 825 Ohio Avenue LINDA LUCANTI CHAIRMAN 18501265 -?820 I nn H veil FL 2444 LYNN HAVEN POLICi- ' 1412 Pennsylvania Ave J.T %HIT]': SECRETARY {850) 265 -4111 I Inn Havo, FL 32444 MADISON FIRL 253 SW Horry Avenue ARCHIE SIRICKLAND CHAIRMAN ,850) 973 -5075 M t Pl 2 4 MADISON POLICI 310 S W. Rutledge Street BEN EMERSON SERGF.ANI (850) 9 "' -507" Mgdi5o, F1 32 40 MARCO ISLAND PO1.I(1° S 1 Bald Logic Dove GLENN 7.IRGIBF.1 CHAIRMAN (219) 384 -5054 Marc Island, Fl. 34145 MFDICAL ASSOC OF GEORGIA 1849 The Exchange Suite 200 JOY MAXE.Y SFCRFTAR' ®' 1678) 303 -4240 Alhn A 3 MEDLEY FOLIC[; 7331 NW 741h St CHRISTIAN LITTLI, CHAIRMA''. (754) 581 -3393 hi 1 PL I MF.LBOF'RNF BEACH P {lL1 {'; ; 507 Occan Avenue SHERI GATTU ADMIN 5321) 723-4 34 x M I tun H Bch Ll< 32951 A ISTANI MELBOURNE GLNERAP 960 E Swawbndgc Ave JENNIFER CHASE: SECRETARY 1321) 953 -628' MCIhgurne, FL N2Q1 MELBOURNE POLICE 900 E Strawbridge Ave JENNIFER CHAS[ SECRETAR'® (321) 953 -6283 M 1 um FL 2 II MILTON F[RJ 5321 Stewart Street BOBBY HUCCHINSON SECRETARY (850) 983 -5430 Miliffl, FL, 32570 MILTON GFNERAI, P 0 Box 909 LORI VANN CHAIRMAN 1850) 9FI.5461 MILTON POLICI 5451 Alabama Street NANCY RAVEY CHAIRMAT= 1850) 983 -5420 klillgS, FL 22570 MONTICELU) FIRI; 245 South Mulberry Street MERRY ANN FRISB' CHAIRMAT, (850) 342 -0153 M nit t FL 2344 NAPLES FIR] : 735 8th 5 t South DOROTHY KPVV PLAN ADMIfa (239) 213 -1814 NII1210, FL 24 1 Q2 NAPLES GERLRAI. 7 }5 9th Street South DOROTHY KIN(; PLAN ADMIN (239) 213 -1814 N-i 1 FL.141 NAPLES POLK -1 735 61h Sweet South DOROTHY KING PLAN ADMIN (239) 213.1814 N7 FL 4i Q2 NEPTUNE BEACH P()1.1C 9" 2 on St TONY CARRILLO C}{AIRtitA ': 1904) 270-2413 N B h FL 322 NEW PORT RICHEY FIRI 5914 atn Street KFN MA, '' CHAIRMA ?, 37271853.1032 New Pt. Rich FL 34652 NEW SMYRNA BEACH FIR]: 210 Sams Avenue CLAUDIA ROGERS RECORDING SEC 386) 4 24 -2122 1024 While Point Road NORTH BAY FIRI Niceville, Fl. 32578 LLOYD T LOSINGER CHAIRMAN 0501 897.3689 NORTH NAPLES FIRI'! 2955 Myrtle Oak Circle JOAN £, WALT ADMIN (954) 723.9521 D v Fl 3 2-67 4 NORTH PALM BEACH POLICE & 4360 Notthlake Blvd; Ste 206 DENISE MCNEILi PLAN ADMIT =: (561) 459 -2 F fAl P 1 e FI _3341 NORTH PORT TUC', P, O. Box 564 DAVID CAROLL PLAN ADMP (941) 423 -4355 M x M w V q NORTH PORT POLICE 4980 City Hell Blvd ROBERT ESTRADA CHAIRMA-: (9411426-7145 Norih Port. FL 34286 NORTH RIVER FIRE DIST RICI' 1225 14th Avenue W PHILLIP B. BAKER CHAIRMAN (9411 721 -6700 PgIngtig, Fl 14221 OC-ALA GENF,RAI:: 2100 NE 10 Ave Bldg I;.. ALICIA GAITHER 13521401 -6979 I Fl :. 34470 OCALA POL10 402 S Pine Avenue DALL ADAMS ADM P, 1352) 620 -8486 F'L 447 74 OCEAN CITY- WRIGHT FIRI 2 Racetrack Read NI ` CHARLIE DARR CHAIRMAN {850,662 -1185 Ft Walton Birwb FL 2547 150 N Lakeshore Drive OCOEE GENERA) RUSS WAGNER CHAIRMAN 1407} 905 »3100 LQ —Fl 471 Assmad ky CI.11.%1 %1AlLINGADDItF.SS CON IACI - IIT[.!': TF.I.J:PHONF CK'OLI POLICI & I IR1 646 Ocoee Commerce Parkwa} CHARLES BROWN CHAIRMAN 4071 905-1121, e FL 347 i OKALOOSA ISLAND FIRI 104 Santa Rosa Blvd ROBERT TILLF'' CHAIRMAN (850) 259 -28% FoT1WpI1&MBUgh,F1 32548 ORANGE PARK FIRI 2021 v:Truth Street 7 SILCOK ('HAIRMA° c90-41 264 '7411 r n Park Fi, 32071 ORANGE PARK POLICI 2025 Smith Street CHIEF JAMES IT BOWIN CHAIRMAN 8004) 278 3006 D n Psi. FL . 73 ORMONU BFAC H FIRI O. Box 2" P.ssn KELLY MCGUIRI' I INAN CF. DIR (3861 676 -3212 n ® ch FL L2175 ORMOND BEACH GENFRAI PO. Box 2-7 KELLYMC'GIiIRI' >. FINANCE DIR ( ?861676 -3212 Beach FI: 75 fiR14pND BEACH POLIO;'. P. O Box 2"" KELLI' MCGUIftI::. FI'xAN('E. DIR 43$61 676 -3212 o u B FL 175 OVIEDO F IRI- 300 Alexandria Blvd TIMOTHY KOLPSELI CHAIRMAN' (4071 971 -5614 x, FL 227 5 OVIEDO POLICI 40D Alexandria Boulevard DALE COLEMAN UHAIRMAN 44071 977.6136 PAL.ATK.AF�1R:!:. 201 N 2nd Street RUBY V,`ILLIAMis PLAN ADMI ", 1 324 -0104 Ed Os FL. 3 77 -3961 PALAT KA GENERAI 20' N 2nd Sweet RUBY WILLIAMS PLAN ADMP, %11161 329-0100 PALAT KA POLICI 201 N 2nd Street RUBY WILLIAM::, PLAN ADMP, 086132"100 Palatka. FL 32177 PALM BAN POLICE,. & FIRI' 1501 Robert J. Coulan Blvd, NE, Str2&1 RICHARD ADA`vlJ CHAIRMAT. f 3211 724.11" 77 P m B FI RM PALM COAST FIRI; 2 Commerce boulevard RAY BRIT-i GENERAP SVS DIR 5386! 98&3725 P t Fl 1 PALM HARBOR FIRI 250 West lakc Road DOU(, r iMMI RMAt_ BOARD SEc {7271 784.0454 P lm H T FL 4 4 PALMETTOGFNF.RAI 51681hAve'A D[AN'EYONDER CLER1= ADAIP (941 1 723 -4 576 P it FL 4 PANAMA('ITYf[R1 9 Hamson Ave JERRY SOWELI. CHAIRMAN (850t74{r3271 P ' E,1 3 9. PANAMA CITY POLICI 111209 E ISrth SttL ROBERT COLBERI SECRETARY. 58501 381.7206 4 PENSACOLA IIRf; 222 West Malin Street RICHARD CeROVER 5E'CRETAR': 58541435 1830 P EL PERRY FIRI 224 South Jefferson St ROBERT MOON, CHAIRMAN (850` 584, —11 Pga, FI- 2 47 PERRY POLICI) 2115 Washington Street MIKE, ANDERSON CHAIRMAN (85v1 584 -5121 Paa FT 32347 PINFLIAS PARK FIRE P. 0. Box 1100 DENISE COlS`DRICK PENSION 0271 541 -0700 Pmellis Park Fl. 3 7 CI A '1 aA PLANT CITY SAFETY (P &I') Box 313 CHIEF BILL McDANILT SECRETAR :` 1813) 711-92DO P.O. tt 5 PONCE INLET FIRI' 4680 S Peninsula Ur JENI TREPA.SSO ADMIN 1386! 3226720 Ponce Intel. FL 12127 AS I TA` i PORT O NC;E FIRE '& RECCE ` I City Center Blvd , KEN BLiRGMA.sS CHAIRMAN (386) 560 -5403 P n FI 12 PORT ST Ll [CIE POLICI' 121 S%k' Pon St Ludt Blvd BII I. LEfiA CHAIRMAN {772} $7 1 -5(m0 Us 2 Lu o E,4 4984 PUNTA GORDA FIRE 1410 S Tam'arm Trail BEANIE MCBRIDI' CHAIRMAN {941) 575 -3364 Pun[ FL 5 P1NTA GORDA GENERAL- 326 W Marini Ave DAVE DRURY DIR OF FINANCE (941) 575.3318 ® PINTA GORDA POLICI 1410 S Tarnum' Trail LARRYSCHRADFR CIIAIRMA', 041) 575 -5517 QUTNCY POLICE & FIRI' 20 North Stewart Sweet VICTOR GEIGFR PLAN ADMIN 850} -8488 un'c FI 2 51 ,79 SANFORD FIRI' 300 N Park Avenue GLADYSJOHNSON FINANCE DIR (407) 330-5611 Sanford. FL 32771 SANFORD POLICI R N Park Avenue DARREL PRESLEY ('HAIRMAT. (407) 302 -1438 anf FL 3Z771 SANIBEL GENERAI 800 Dunlop Road YLVIA EDWARDa SECRETAR'. +23,! 472 -961` i7 SAN[BEL POLICE: 900 Dunlop Road JIM ISOM ADMIN SERVICES (239) 472 -3700 S t FT.3 7 SEBRING FIRI 301 N Mango St BOBBY BORDER SECRETAR °, 18631471.5105 Selanniz. FL 33870 SEMINOLE FIR] O. Box 6720 P.O. DOUG PELT'. ADMIN (7271 687. 663''' E,7. 4 SOUTII PASADENA FIRI 911 OP der Way LT PHIL NOVATH CHAIRMAN (727) 3441666 South 7 7 SOUTH WALTON FIRI 911N County Hwy 393 ERIC LANG CHAIRMAN 1850) 267 1296 459 ST AUGUSTFNE F1RL` 101 Malaga Swe MIKE, FITIIPALDI CHAIRMAN (9(4} 825 -1098 4 ST CLOUD GENFRAI. 3860 Granthne Road SHEILA HUTCHESON ADMIN (321) 267 -3062 , ma F[ 754 S CLOUD POLIC F & FIRI 4700 Neptune Road VINCENTSHEPA CHAIRMA " - (321) 624 2827 ST PETL BEACH FIRT 7301 Gulf Boulevard PHILIP MILNER CHAIRMA..: 17271 363 "207 i Pete Beach. Ft_ 1370v ST PETE BEACH GENERAL 155 C y Avenue P ALA A PRELI- SECRETARY (727) 367 -273.5 t,P B h FI, 7 ST PETE BEACH POLIO: � 74 ®Av h CHRIS CENTOFANTI SECRETARY, k7271363-9200 FI i 7 CLIENT LIST CH MAILING %[)[)BE i ON V i TT).f i 1, 1.IPlIONi IARP{)° SPRINGS IIRI 444 South HuevAvenue DANIFICAR'1ER CFIAIRMAA, 7271934 - 2760 jXgUa§jMELLFL L4 9 'I %RPON SPRINGS POLICE. 444 South Huey Avenue ROBERT 1. IV, Q CHAIRNW, 7271937 -875? T n' n, Fl 4 4 11-MPI I TERRACF FIR[ 124 BluIT d Parkwa) IAN KEMP SEC ETAR'. 48 13) 989 -7121 TLm 13 617 IF P�.9P1 F .;':TERRACFPOI:IC}'- 11250 North 56th S¢ MIKE 10WFLI CHAIRMAN (RI3) ";55756 I m 1 7 e FL 7 TII{ S41I I I {iEtiERA} 555 S. W'ashtagton Ave 3i LIE ENRIGFi 'i P[ R5(7hNEL7ECI1 4321) 111.5-1 T u vl FF 32796 TI I1 SL II 11 POLICI & F1RF 355 S Washington Ave ATLIF FYNRIGH', PERSONNFI TT-('H 1321) "35771 ill til FL 27 L I:SI( F FIRE 200 N. [trove Sbwo RICH LANIGAN SECR:ETAW., . ° ? `'34 f) 480 ,.'..4 4' s FL 14285 4I N K'f POLIO 1350 k dgewmml Ave KEN IN MCGRAT H SECRETAR`r (941) 486 2444 %,Elgz FI. 4222 i[SI MANATEE PIRE & REC['F - 6001 Manna Dr SIEWAkT M4CdP; CHAIRMAN ' t`)41) 741-1"00 H 1 B Fi 4217 V h IF ,R HAVEN FIR] ' P 0. Box 490858 5[f54` FI7A AUM}F s,s2) 787-1s791 f [ FL 14742 WIN IFR HAVEN GFNERAI: ox 2" P 0 CAI.VIN t3OWEt. FINANCE DIR (863) 291 566" %ml H v FL i d LANTI:RHAVFN POI .ICF-. P.O..Box49085R S115YPIT.A ADMEN: x352)78 "9791 I.e sbur, Fl. 4749 a,: i.,: w t w F Consultant March, 1998- Actuarial Dallas, TX August, /.. 1...; August, 1993 — University of Iowa May, 1997 Iowa City, IA Bachelor of Science degrees Majors: Actuarial Science - Economics Statement of Experience t • has over of 4, experience and has been consulting lead actuary for from # 250,000 participants. Brad k one of approximately 2,000 actuaries worldwide who is both a Fellow of the Society of Actuaries and an Enrolled Actuary per ERISA. He is also a member of American Academy of Actuaries. employers Consults of benefits. Also, focuses on business development and the day-to-day operations June, 1997 — Consultant/People Leader May, 2008 Hewitt Associates Lincolnshire, I F August, 1993 — University of Iowa May, 1997 Iowa City, IA Bachelor of Science Degree Major: Actuarial Science Professional Follow, Society of Enrolled Actuarv. Joint Board for the Enrollment of Actuaries. Member, American Academy of Actuaries, i Professional re i "Health enefit Issues Part 2: GAS 43/45 ", Society of Actuaries' Employee Benefits Meeting, Tampa, , June 2008. F1141VOTWEVIR1511FOYA-M Foster & Foster, Inc. 13420 Parker Commons Blvd. Suite 104 Fort Myers, FL 33912 Phone: (239) 433-5500 Fax: (239) 481-0634 Email: doumq�foster-fosterxom Positions August- 1999 — Senior Actuarial Consultant Present Foster & Foster, Inc. Fort Myers- FL August- 1999 — Adjunct Mathematics Instructor January, 2007 Intemational College/Hodges University Fort Myers, FL MEMO= August 1995 — High School Mathematics Instructor August, 1999 Lehigh Senior High School Lehigh Acres, FL Courses taught included Pre-Algebra, Consumer Mathematics, Honor� Algebra 1. Honors Algebra II Education Nova Southeastern University Ft. Lauderdale, FL Master of Science, Mathematics Education Michigan Technological University Houghton-, MI Bachelor of Science. ADDlied Mathematics PROFESSIONAL Foster & Foster, Inc. Fort Myers, FL EXPERIENCE Actuarial Analyst, June 2009 — Present 4y Kt MM STATEMENT of Drew has served as an actuarial analyst for Foster & Foster, Inc. for over a ye EXPERIENCE and specializes in providing benefit calculations, DROP statements, and buyback calculations to Members. He has gained a great amount of knowled about the actuarial practice by assisting lead consultants in performing the annual Actuarial Valuations, along with special actuarial projects and studies] Board of Trustees August 15, 2010 Page 2 The third group, Group 3, are those Firefighters who, at the transition date are eligible for Normal Retirement. Group 3 Members would expe6ence no changes from the current structure, except that their future service benefit would be at a 2.0% benefit accrual rate. These Firefighters would retain the retirement dates, COLA's, supplements, etc. as they are now. M, W CAM-227-41 -nil _L AHQ ".1 1 M- I M. i M=- -E&X*=Mg .1 This report represents the impact of the proposed changes, but in no way is meant to imply that the proposed changes are legally acceptable, Those issues would have to be hammered out by the attomeys. There are many items in the proposal that appear to reduce the value of accrued benefits such as changing the retirement dates, eliminating the supplemental benefits, etc. I III I Board of Trustees August 15, 2010 Page 3 XMM ?1�01L! Foster & Foster, Inc. �' ufoa-g By: Bradley R, Heinrichs, FSA, EA, MAAA Enrolled Actuary #06-6901 I- =5 N N a, N �+ `N N oo N ry N. fn N Ln NNN W rq N u1 N n N ri N O m i Q N ti rl f1 h N N n! ® rN fn n N 1-4 fl Ln ra M m `0 O N C • N N N d1 N N er1 N N N F, N N N u1 N N N ® rNv Ln ■ � N t6 4Q N N- r F, N N r' N � Q ZR rV ,y Al s rl co L mm Ln 0 0 0 0 0 0 o a c A m O ra O Q Q L16 L6 Q C7 ce) r r m c L ? Q k U U 7 f IIOJAed 4UGOJ8d CITY * 2 . m ?f -fm MUt 2 #}0 wr EM i F11 Mg IV Summary of Plan Provisions 16 61 mm��� As you are aware, the City currently sponsors a defined benefit pension Plan for its Police Officers. Generally speaking, this type of Plan exists to recruit and retain the very best employees. I 1IMIFIR 11 1! a • 11111 111 . - - * 0 1) Ten-Year proiection of the current programs baseline funding requirements. This was computed with the current assumptions and Plan provisions. 2) Ten-Year projection of reducing the benefit multiplier from 3.0% to either 2.5% or %f• future Vres. HOT Ili I II I I I I I I , I I p I I I I I I '� I 1 11 1 1 HIMIT3 mai The balance of the study will examine a projection of the anticipated costs associate"t with making any one of the aforementioned changes. When reviewing the proposed numbers, please keep in mind the following: The projections were based upon census data provided by City. Additionally, we relied upon actuarial assumptions, methods, asset information, and Plan provisions contained in the October 1, 2009 Actuarial Valuation Report. K As you can imagine, this is a controversial issue, and one that may be challenged in the courts. At least one pension attorney in the state feels that the Division's position of withholding all State Monies in this case is not supported by Florida Statutes. For purposes of developing future costs, the population was assumed to • constant, meaning that as Members are projected to terminate or retire, they will be replaced with new Members. Future new hires are assumed to be Age 30, make $30,662, and are 85% male. The starting pay is also assumed to increase at a 3% inflation rate during the projection period, e.g. $31,582 in fiscal 2011; $32,529 in fiscal 2012 and so on, These assumptions are based on Plan experience during the last several years. K Savings will not be maximized until all Members are under the new Plan parameters, This is because benefits accrued to to fort existing participants must be protected by law. �� i rd �9 The methodology uzed by the Board • Trustees is the Entry Age Normal Actuarial Cost Method. Under this method, contribution requirements are determined through the systematic funding of the Normal Cost and the Unfunded Actuarial Accrued Liabifty (in addition to payment • the Plans Administrative Expenses). Kul-00 Ift lr012 jr�gw�v DaIFIQ 0 Gr4 2-1-0-- W-0 2-0- -U—M—S-1- -I__ -I A 0 Study Item 3(a) - Outsourcing the Police Department to the County — All New Hires Participate • ■ It is worth mentioning that it may be possible to retain future State Monies if the Department outsourcing includes optional participation in FIRS for the current Membership. In other words, if current participants are offered the choice ■ accruing benefits under the existing Plan, or transferring to FIRS, then the State Monies may not be forfeit. This is the easiest and cheapest scenario, whereby all Members (vested or not) receive a lump sum equivalent of their accrued benefit, based on assumptions for life expectancy and investment earnings. .61 As of September 30, 2010, the Jump sum values for the Plan Membership, based on the above assumptions, are as follows: a. 5i �'i i b. Lump Sum Cash Payment to Active Members—Retiree Liabilities are Funded throu,qh Purchase of Annuities c. Lump Sum Cash Payment to Active Members— Retirees Continue to Receivz� Benefits from the Trust Fund Again, the active Members would receive their $1.4 million cash out, but the Plans Retirees would continue to receive benefit payments from the Trust Fund, Due to t large, immediate outflow of cash, we would recommend the following changes in conjunction with this option: I HE 1. A Fresh Start for assets, where the Actuarial Value of Assets is set to Market Value. 2. A reduction in the investment return assumption from 8% to 6%, net of fees. 3. A change to RP 2000 for the mortality assumption. .f J� s� ft ME iml c' eI N CcIll M N 0) N C> CL aw N C E 1 81 N C, I- ,N7,l Ml N v to Q N I 17 cn E ®o N N 6 0 I cl N N co col 1 C14 N co m col N 0 LO cl C E Co 0 N o 0 0 C; N 0 a "a ca - 0 NI 0 C� I CV coi , a C, :� I C) N t It co co .49 C� 0 V 0 C14 C) 0 uD m M. E F) 0 0 (0 m C) 0 0 N C141 Cl) CN .49 Lo co O� n V m w c - 2 CD N C9 U) 0 C,4 00 U') 1 C, N 13� C14 0 m 101 0 N co CR 0 0 C) N Ln co M IL eq 00 't zc, V I C"l 0 0 q 0 V c 0 U- 0 .11 0 0 1 a C14 0 2 m a lei N c1l) m N (6 Cl) CD z T C3 M z r N 0 co V 'E T0 N Q) A � '` to 04 0) N z 0 4 o 49 C', c"'I z M 0 0 Q 0 cr) r Nl C, CY) n 0 0 0 z '1 C; to IL Z'-' 4) Ix 'IN' Cl -10 N N C14 N1 IT C14 0 'e =m cmi C141 vi� co M 0 4) :p N 0) y CIJ N1 a N M (141 N 0 cs 0 .0 W N Ni I ° Q Lq N L�o C14 �i aj - -NI 7) L6 2 - c N C, 0 N o " r. rNQ 0 E r N C4 v 0 E E uj " OC M>l } Qs '' � M 'D C w " CD - M cr, 0 i^k T) c LU " M., (D - m m 5 t 0. 00-4-- cl 7 Em 2 m -or- w >T ca 0 T! 0 0 L) t CL O(D,= E�m 0 = 0 >- w () > = om= Elm- 0 12 CD r Lu >- o 0 0 L) :. ƒ \ \ \ \ \( \ \ © \ * \ . . ! { \ � \ \ » \ \ � ~.So. a- C TMG °i m ffi C3 4} ui CL ■ n v° t 0 �4 g i ra 4 i I I c' O f i I I to y {I{ I o �s MI'Ll 14 1 Ll M no 41 R in X321,121:011M.11wel 'Hopefully the results of this study will lead to good discussions and, at a minimum, a i.etter awareness of where pension costs are likely headed. If you have any questions, concerns, or would like to discuss any of these items in greater detail, please do not hesitate to contact us. D o u &91 (s7H . :Lo z e hn L. Bartz, ASA, EA 611 10 _ic__. SUMMARY OF PLAN PROVISIONS (Through Ordinance 19-07) ?-T?I II Fm DISABILITY Eligibility Age 50 and 10 years of Credited Service. Accrued benefit, reduced 3% for each year. UN. iw Benefit Amount Accrued benefit, but not less than 42% of AFC for service incurred disabilities. M-11MAIM" =211 CONTRIBUTIONS Employee Premium Tax M 9 M. DEFERRED RETIREMENT OPTION PLAN Eligibft Participation 212�1 �- Satisfaction • Normal Retiremen) -equirements. Not to exceed 60 mon-fts W � i -� r li•' i' AIL RANK CLIENT NAME RETURN RANK CLIENT NAME RETURN r -■ • 1 1 i t _ 1 r r. -r 1 Y4 ■ ■- `i 1 Y ■ 1 1; •ice f 1• `i Y ■ r• i t r r •:• ■ i' i-r ■ r :r r Yt t r -• t °s t Y / • f 1 ■ `i r 1 `• Y / 1 i- ■ r 1 -r ■ -i Y i f ' f 1 r'r 1 ■ ri t■ ! -r 1' i'■ 1 ■ i ■ i r `■ `r •r 1 i '• ■ °i -• -i 'r _ f i� :t "i -r •`i -i i ■ ` r 1 1 'r M RANK CLIENT NAME RETURN fry `i 1 1 t _ 1 i- •r r. -r 1 Y4 t` 1 Y -• 1 1; •ice f 1• `i Y r• r t :r r Yt t °s t Y / 1 ■ `i r 1 `• Y / 1 1 ■ -i Y i f ' f 1 1 1' i'■ 1 ■ i r `■ `r •r 1 tit l `• `i _ f "i •`i -i i • 'r 1 ' InformaWn stows Foster & Foster diards oriy RANK T CONTRIBUTION 1 MELBOURNE GENERAL (REGULAR) 0.00% LAKE WALES GENERAL 2.49% BELLE GLADE GENERAL 9.07% 4 MILTON GENERAL 11.29% 5 BARTOW GENERAL 12.38% 6 LAKE ALFRED E L 13.17% 7 PALATKA GENERAL 13.96% 8 HAINES CITY GENERAL 14.83% NAPLES L 15.37% 10 INDIALANTIC GENERAL 15.57% 11 COCOA BEACH GENERAL 15.59% 12 GULFPORT GENERAL 15,89% 13 BUSHNELL GENERAL 16.38% 14 KISSIMMEE UTILITY AUTHORITY 16.65% 15 OCOEE GENERAL 17.13% 16 FERNANDINA BEACH GENERAL 17.63% 17 PUNTA GORDA GENERAL 18.50% 18 ST CLOUD L 18,80% 19 CRESTVIEW L 19.65% 20 ORMOND BEACH GENERAL 20.43% 1 LYNN HAVEN GENERAL 21.50% 2 AUBURNDALE GENERAL 21.51% 23 BONITA SPRINGS L 21.81% 24 PALMETTO GENERAL 23.47% 25 FT MYERS GENERAL 23.98% WINTER AV L 24.05% 7 TITU VILLE GENERAL 24.48% 28 CAPE CORAL GENERAL 28,01% LONGBOAT KEY GENERAL 28.43% 0 SANIBEL GENERAL 29.63% 1 OCALA GENERAL 32.01% ST PETE BEACH GENERAL 35.22% 33 EDGEWATER GENERAL 39.34% MELBOURNE E L(SPECIAL IS) 44.08% COCOA GENERAL 111.72% AVERAGE % * Information shows Foster & Foster clients only • RANK CLIENT NAME CONTRIBUTION 1 BUSHNELL GENERAL 0.00% 2 MELBOURNE GENERAL ( L) 0.00 %® MELBOURNE L (SPECIAL RISK) 0.00% TITUSVILLE GENERAL 0.00% T CLOUD GENERAL 1.00% KIST EE UTILITY AUTHORITY 1.67% 7 AUBURNDALE GENERAL 2.00% EDGEWATER GENERAL 2.50 % GULFPORT GENERAL 2.70% 10 BELLE GLADE GENERAL 4,00% 11 BARTOW GENERAL 4.00% 12 ORMOND BEACH GENERAL 4,00% 13 INDIALANTIC GENERAL 4.50% 14 SANIBEL GENERAL 4.53% 15 FT MYERS GENERAL 4,61% 16 LAKE ALFRED L 5.00% 17 LAKE WALES GENERAL 5.0 %® 18 LYNN AV E E L 5.00 % 19 PALMETTO L 5. 00% 20 COCOA BEACH GENERAL 5,00% 1 HAINES CITY GENERAL 5.00% COCOA GENERAL 5.00% 23 NAPLES GENERAL 5.88% 24 PUNTA GORDA L 6.00% 5 LONGBOAT KEY GENERAL 6.00% 6 PALATKA GENERAL 6.00% 7 CRESTVIEW GENERAL 6,40% 28 FERNANDINA BEACH L 6.45% 29 BONITA I L 7.00% 30 OCOEE GENERAL 7.36% 1 ST PETE GENERAL 7.60% 32 CAPE CORAL GENERAL 7.90% 3 OCALA GENERAL 8.18% 34 WINTER HAVEN GENERAL 9.50% 5 MILTON GENERAL 10.00 %4 r i UEW RANK CLIENT NAME RA710 11665% 11115% 103 Bl% 10372% 10280% 102,19% 10170% 100 64% 10049% 100.00% 100.00% 10000% 10000% 100.00% 10000% 10000% 100.00% 100D0% 10000% 99.95% 99 21 % 98-49% 9676% 9585% 9575% 95.34% 9505% 94,36% 9121% 9226% 9202% 9186% 9129% 91,25% 9124% 91.08% 9029% 90.25% 90.21% 90.04% 8965% 0958% 8945% 88.71% 8056% aS.07% aB 05% 87.88% 8760% 8730% 6723% 86.07% 9471% 8453% 8412% 84.09% 9390% 83.22% 82 71 % 82.39% 61 64 % 81,22% 8109% 81.07% 8086% 80.75% 8057% 80.09% 80.07% 130.04% 7980% 7901% 7926% 78.71% 7868% 7836% 7761% 77.14% 7659% 75.08% 7595% 7574% 7570% 75.35% 7529% RANK CLIENTNAME RATIO ■ 0 Ea 1 ■ ■ ■ • 11665% 11115% 103 Bl% 10372% 10280% 102,19% 10170% 100 64% 10049% 100.00% 100.00% 10000% 10000% 100.00% 10000% 10000% 100.00% 100D0% 10000% 99.95% 99 21 % 98-49% 9676% 9585% 9575% 95.34% 9505% 94,36% 9121% 9226% 9202% 9186% 9129% 91,25% 9124% 91.08% 9029% 90.25% 90.21% 90.04% 8965% 0958% 8945% 88.71% 8056% aS.07% aB 05% 87.88% 8760% 8730% 6723% 86.07% 9471% 8453% 8412% 84.09% 9390% 83.22% 82 71 % 82.39% 61 64 % 81,22% 8109% 81.07% 8086% 80.75% 8057% 80.09% 80.07% 130.04% 7980% 7901% 7926% 78.71% 7868% 7836% 7761% 77.14% 7659% 75.08% 7595% 7574% 7570% 75.35% 7529% RANK CLIENTNAME RATIO ■ 0 Ea 1 ■ ■ ' lnfurmatpDn shmvs Foster 8 Foster Charts oriy 0 Information only r - •. -■ ai -25%j !� RANK CLIENT NAME MULTIPLIER 1 COCOA GENERAL 3.00% T MYERS GENERAL 3.00% LYNN V L 3.00% MELBOURNE L (SPECIAL RISK) 3.00% 5 OCOEE GENERAL 3.00% 6 PUNTA A GENERAL 3.00% 7 SANIBEL GENERAL 3.00% ST CLOUD L 3.00% WINTER E 3.00% 10 FERNANDINA BEACH L 2.75% 11 LONGBOAT KEY GENERAL 2.75% 12 LAKE ALFRED L 2.72% 13 KISSIMMEE UTILITY I 2.65% 14 CRESTVIEW GENERAL 2.64% 15 CAPE CORAL GENERAL 2.60% 16 OCALA L 2.55% 17 BARTOW GENERAL 2.63% 18 AUBURNDALE L 2.50% 19 COCOA BEACH L 2.50% HAINES CITY GENERAL 2.50% 1 LAKE WALES 2.50% 22 MILTON GENERAL 2.50% 23 NAPLES GENERAL 2.50% 24 ORMOND E L BEACH 2.50% PALATKA GENERAL 2.50% PALMETTO L 2.50% TITUSVILLE GENERAL 2.48% ITA SPRINGS GENERAL 2.48% T PETE BEACH L 215% 30 BELLE GLADE L 2.00% 31 EDGEWATER GENERAL 2.00% GULFPORT GENERAL 2.00% 33 INDIALANTIC GENERAL % 4 BUSHNELL GENERAL 1.60% 35 MELBOURNE GENERAL (REGULAR) 1.60% AVERAGE % Information only r - •. -■ ai -25%j !� 0 r.;rzE ILMLI16M 3,� = RANK CLIENT NAME INCREASE 1 CRES EW GENERAL 12,78% 2 NAPLES GENERAL 10,89% 3 Cl IT SPRINGS GENERAL 9.09% 4 KISSIMMEE UTILITY AUTHORITY 8.45% 5 OCALA GENERAL 8.14% 6 PALTA GENERAL 7.62% 7 BUSHNELL GENERAL 7.28% 8 ST PETE EACH GENERAL 6.96% 9 WINTER HAVEN GENERAL 6.66% 10 MILTON GENERAL 6, 58% 11 LONGBOAT KEY GENERAL 6.44% 12 INDIALANTIC GENERAL 6.42% 13 ST CLOUD GENERAL 6.05% 14 OCOEE GENERAL 5.57% 15 LYNN HAVE GENERAL 5,35% 16 COCOA GENERAL 5,30% 17 GULFPORT GENERAL 5.30% 18 FERNANDINA BEACH GENERAL 5.19% 19 HAINES CITY GENERAL 4.92% 20 LAKE ALFRED GENERAL 4.44% 21 CAPE CORAL GENERAL 4.33% 22 ORMOND BEACH GENERAL 4,29% 23 COCOA BEACH GENERAL 3.61% 24 AU E GENERAL 3.08% 25 TIT ILL GENERAL 2.97% 26 PUNTA GORDA GENERAL 2.84% 27 FT MYES GENERAL 2.42% 28 LAKE WALES GENERAL 2.34% 29 EDGE WATER GENERAL 2.26% 30 MELBOURNE GENERAL (REGULAR) 2.20% 31 PALMETTO GENERAL 2.00% 32 SANIBEL GENERAL -0,17% 33 BARTOW GENERAL -0.75% 34 BELLE GLADE GENERAL -1.24% 35 MELBOURNE GENERAL (SPECIAL RISK) -3.60% AVERAGE 4.74% 3,� =