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Council to consider hiring Conrad Siegel for actuarial analysis ahead of contract negotiations
Summary
Resolution 12 of 2025 would authorize the city to negotiate a professional services agreement with Conrad Siegel Inc. to provide actuarial services for analysis during upcoming collective bargaining negotiations; the solicitor said the firm previously performed OPEB/pension work and the hourly rate is $325 per hour.
The administration committee reviewed Resolution 12 of 2025, which would authorize the city to negotiate and enter into a professional services agreement with Conrad Siegel Inc. to provide actuarial services for collective bargaining negotiations.
Solicitor Grover explained the city needs actuarial analysis to assess long-term legacy costs of bargaining proposals, particularly because both the AFSCME and FOP contracts expire on Dec. 31,…
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