City of Bloomington City Council AgendaPacket 2026-06-08
City Awards 3-Year Pension Actuarial Contract to Foster & Foster
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Description
Foster & Foster Actuaries and Consultants were approved for two new three-year contracts totaling $50,666 to provide required actuarial services for Bloomington’s Police and Fire pension funds. Agreement ensures annual valuations and compliance with GASB standards through FY 2028.
Contract Details
Contract Amount
$50,666
Vendor
FOSTER & FOSTER ACTUARIES & CONSULTANTS
Agency
Town of Bloomington, IL
Contract Type
PROFESSIONAL_SERVICES
Document Date
June 8, 2026
Contract Term
Three years (FY 2026–FY 2028)
Renewal Date
2029-04-30
Renewal Info
Prior three-year contract awarded in 2023; this is a renewal for FY 2026–2028. One-third share paid by each of City, Police, and Fire funds.
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