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Resolution authorizing the Mayor and the Director of the Department of Innovation & Performance to enter into an agreement or agreements and amendments thereto with Foster & Foster Consulting Actuaries, Inc., for a municipal pension contribution data system at a sum not to exceed Two Hundred Fifty Thousand and 0/100 Dollars ($250,000.00).
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Be it resolved by the Council of the City of Pittsburgh as follows:
Section 1. Authorizing the Mayor and the Director of the Department of Innovation & Performance, on behalf of the City of Pittsburgh, to enter into an agreement or agreements and amendments thereto with Foster & Foster Consulting Actuaries, Inc. for a municipal pension contribution data system at a sum not to exceed Two Hundred Fifty Thousand and 0/100 Dollars ($250,000.00). The City is replacing the current custom built Pension contribution application that supports approximately 3,500 + City and PWSA employees. The new system will act as a replacement of the current customized Pension contribution application and shall support biweekly pension contributions for approximately 3,500 + City and PWSA employees, pension contribution calculations, pension contribution record retention, pension projections and all monthly pension check data required for processing correct monthly pension checks. .
Section 2. Funds for said agreement shall be paid from the following account:
2022
11101.103000.53.53509.2022 $250,000
Section 3. Said Agreement or Agreements shall be in a form approved by the City Solicitor.