Title
Pinnacle Actuarial Resources of Arizona, Inc.
Description
For $45,000.00 in payment authority for a new contract, entered on or about July 1, 2020 for a term of three years with two one-year options to extend, to provide actuarial services for the City's self-insurance funds. The aggregate value including all optional extensions, will not exceed $45,000.00. The actuary uses professional training and expertise, along with mathematical formulas and computer software, to analyze claim history of the self-insured funds. The analysis evaluates whether the funds are properly funded for future obligations, estimates future payouts, and makes recommendations for current and future funding.