Town of Vienna Awards Professional Services Contract to Definiti LLC (December 2024)
Town of ViennaCity · MI- Disclosed value
- $6,000 Base Fixed Fee for biennial valuation; $5,000 additional fee for separate GASB 74 and GASB 75 report in off-cycle years; hourly rates for special projects ($350 Lead Actuary, $300 Support Actuary, $250 Actuarial Manager/Other Credentialed Actuaries, $200 Actuarial Analyst) plus out-of-pocket expenses
- From service agreement
- Approved
- Dec 23, 2024
The 30-second brief
Vienna Township approved a contract with Definiti LLC for biennial governmental pension actuarial and consulting services, starting at $6,000 for the December 31, 2024 valuation, with special project fees on a time and expense basis and annual fee escalation. The term is open-ended, with termination allowed upon notice.
Definiti LLC holds this professional services contract with Town of Vienna. Its other public contracts on record include work for City of Sun Prairie and Oklahoma Firefighters Pension and Retirement System | State of Oklahoma.
Term as filed: Commences on effective date (the earlier of client signature or the first day of the quarter following 60 days from issuance) and ends on written agreement of the parties or termination; biennial valuation as of December 31, 2024; annual escalation of 2.5% per year on January 1.
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Contract details
- Contract type
- Professional Services
- Amount
- $6,000 Base Fixed Fee for biennial valuation; $5,000 additional fee for separate GASB 74 and GASB 75 report in off-cycle years; hourly rates for special projects ($350 Lead Actuary, $300 Support Actuary, $250 Actuarial Manager/Other Credentialed Actuaries, $200 Actuarial Analyst) plus out-of-pocket expenses
- Document date
- December 23, 2024
- Term
- Commences on effective date (the earlier of client signature or the first day of the quarter following 60 days from issuance) and ends on written agreement of the parties or termination; biennial valuation as of December 31, 2024; annual escalation of 2.5% per year on January 1
- Vendor
- Definiti LLC
- Agency
- Town of Vienna
- Source document
- service_agreement_for_governmental_pension_actuari.pdf (Service Agreement)
Definiti LLC's other public contracts
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Questions about this contract
Who was awarded the professional services contract by Town of Vienna?
Definiti LLC was awarded this professional services contract by Town of Vienna, as recorded on December 23, 2024. The contract value is $6,000 Base Fixed Fee for biennial valuation; $5,000 additional fee for separate GASB 74 and GASB 75 report in off-cycle years; hourly rates for special projects ($350 Lead Actuary, $300 Support Actuary, $250 Actuarial Manager/Other Credentialed Actuaries, $200 Actuarial Analyst) plus out-of-pocket expenses.
How much is the Definiti LLC contract with Town of Vienna worth?
The Definiti LLC contract with Town of Vienna is valued at $6,000 Base Fixed Fee for biennial valuation; $5,000 additional fee for separate GASB 74 and GASB 75 report in off-cycle years; hourly rates for special projects ($350 Lead Actuary, $300 Support Actuary, $250 Actuarial Manager/Other Credentialed Actuaries, $200 Actuarial Analyst) plus out-of-pocket expenses, covering professional services work.
What type of contract is this?
This is a Professional Services contract, documented as a service agreement record.
Where was this contract approved?
This contract appears in service_agreement_for_governmental_pension_actuari.pdf (Service Agreement), dated December 23, 2024 from Town of Vienna. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Definiti LLC hold?
Definiti LLC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Town of Vienna currently buying?
Explore Town of Vienna's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.