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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, 2025. He said Conrad Siegel previously provided OPEB and pension analysis to the city and could produce cost estimates for multiple potential bargaining options. "They will make analysis of both ones that are made and ones that are as you're going through a list of potential things to figure out which one makes the best sense," Grover said.
Council members asked practical questions about the contract. Grover stated the hourly rate for the services would be $325 per hour and that total cost would vary with the number of options and the scope of work the city requests. He told the committee that the firm has worked with the city before — "They were here before receivership, through receivership and since receivership," he said — and council members indicated comfort with continuing the relationship.
The committee moved to add Resolution 12 of 2025 to the next legislative session agenda for a vote; the transcript does not include a recorded roll-call vote on that motion.
Why it matters: Actuarial analysis can materially affect the city’s fiscal position during bargaining by clarifying the long-term cost implications of proposals on pension and other legacy obligations.
What’s next: The city will negotiate the terms of a contract with Conrad Siegel and return the resolution to the legislative session for a formal vote.
