Title
GovInvest, Inc.
Description
For $75,000.00 in payment authority for a new contract, entered on or about June 1, 2020, for the first year of a three-year term for pension actuarial calculation software, which will be used to provide accurate and timely information related to the City's pension obligations for the Finance Department. The consultant will continue to provide actuarial services to the Finance Department to forecast the City's future pension costs and liabilities related to both Public Safety Personnel Retirement System (PSPRS) and the City of Phoenix Employee Retirement System (COPERS). Given the current economic conditions, the Finance Department needs the consultant's services to estimate the financial impact to the City's actuarially required contributions, as well as the pension liabilities, related to both PSPRS and COPERS.