PROFESSIONAL_SERVICESRECOMMENDED

Foster & Foster Recommended for Ocala Pension Administration

Staff recommends awarding the City of Ocala General Employees’ Retirement System administrative services contract to Foster & Foster Actuaries and Consultants at an annual retainer of $95,000 plus defined hourly and project fees. The three‑year engagement would cover board administration, member services, benefit processing, and related pension administration functions, with CPI‑U based fee adjustments thereafter and a potential discount if other city plans also engage the firm.

Status
RECOMMENDED
Document date
June 26, 2026
Contract type
PROFESSIONAL_SERVICES
Vendor
Foster & Foster Actuaries and Consultants
Agency
Ocala Housing Authority · FL

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$95,000 annual retainer, payable $7,916.67 monthly; $3,000 per quarterly financial statement; $250/hour for special projects ($125/hour travel); 10% retainer discount if police and fire plans also hire firm
Contract type
PROFESSIONAL_SERVICES
Contract term
Three (3) years from effective date; fees adjusted annually thereafter based on CPI-U effective each October 1
Renewal
Fees guaranteed for three years from effective date; after three years, annual retainer and hourly rates adjusted each October 1 based on CPI-U for the preceding 12 months.
Document type
Agenda
Source document
Ocala General Employees' Retirement Fund Board of Trustees Agenda 2026-06-29

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the professional services contract by Ocala Housing Authority?

Foster & Foster Actuaries and Consultants was awarded this professional services contract by Ocala Housing Authority, as recorded on June 26, 2026. The contract value is $95,000 annual retainer, payable $7,916.67 monthly; $3,000 per quarterly financial statement; $250/hour for special projects ($125/hour travel); 10% retainer discount if police and fire plans also hire firm.

How much is the Foster & Foster Actuaries and Consultants contract with Ocala Housing Authority worth?

The Foster & Foster Actuaries and Consultants contract with Ocala Housing Authority is valued at $95,000 annual retainer, payable $7,916.67 monthly; $3,000 per quarterly financial statement; $250/hour for special projects ($125/hour travel); 10% retainer discount if police and fire plans also hire firm, covering professional services work.

What type of contract is this?

This is a Professional Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Ocala General Employees' Retirement Fund Board of Trustees Agenda 2026-06-29 (Agenda), dated June 26, 2026 from Ocala Housing Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Foster & Foster Actuaries and Consultants hold?

Foster & Foster Actuaries and Consultants may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Foster & Foster Actuaries and Consultants's profile

What is Ocala Housing Authority currently buying?

Explore Ocala Housing Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Ocala Housing Authority's profile

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