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Council approves consulting contracts for pension valuations; conversion study to RSA also funded
Summary
The council authorized Kevin O. McDonald Consulting to provide GASB valuation services for police and fire pensions and approved a separate valuation to estimate costs of converting local pensioners to RSA membership.
The Tuscaloosa City Council voted to authorize an agreement with Kevin O. McDonald Consulting for GASB valuation services for the city's police and fire pension plans and other postemployment benefit reporting. The council also approved a separate valuation contract to analyze the cost implications of converting current police and fire pension retirees to membership in the Retirement Systems of Alabama (RSA).
The nut graf: the two contracts cover…
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