City of Bloomington City Council AgendaPacket 2026-06-08
Council Approves Actuarial Contracts for Fire & Police Pensions
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Description
The Council approved three-year agreements with Foster & Foster Actuaries for actuarial services supporting public safety pension funds. The total contract value is $50,666, covering FY 2026–FY 2028.
Contract Details
Contract Amount
$16,392 for Year 1, $16,884 for Year 2, $17,390 for Year 3 (Total $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
2029-06-30
Renewal Info
Renewal following a prior three-year contract with Foster & Foster (2023–2025). Each engagement covers annual reporting and GASB compliance.
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