PROFESSIONAL_SERVICESAPPROVED

Town of Perryville Awards Professional Services Contract to Gallagher Benefit Services Inc (July 2026)

The Town of Perryville entered into a Statement of Work with Gallagher Benefit Services, Inc. for comprehensive actuarial services for its pension plan, effective August 1, 2026 through June 30, 2031. The agreement establishes a $38,000 annual fee for recurring actuarial work, a $40,000 fee for one-time plan documentation and communication services, and $350 per benefit calculation, with automatic annual fee escalations after June 30, 2027.

Status
APPROVED
Document date
July 31, 2026
Contract type
PROFESSIONAL_SERVICES
Vendor
Gallagher Benefit Services Inc
Agency
Town of Perryville · MD

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Scope & details

The full contract record, as filed.

Contract amount
$38,000 per year for Annual Services, plus automatic annual increases after June 30, 2027; $40,000 for One-Time Services; $350 per benefit calculation through June 30, 2027, subject to annual increases thereafter; time-and-materials hourly rates for out-of-scope services
Contract type
PROFESSIONAL_SERVICES
Contract term
August 1, 2026 – June 30, 2031, with automatic 12‑month renewals unless either party gives 30 days’ prior written notice before expiration of the then-current term
Renewal date
2031-06-30
Renewal
Initial term from August 1, 2026 through June 30, 2031; the SOW automatically renews for successive 12‑month terms unless either the Client or Gallagher provides written notice of non-renewal at least 30 days before the end of the initial or any subsequent term. Fixed fees and hourly rates automatically increase annually after the plan/fiscal year ending June 30, 2027 by 3% or at least the prior year’s Employment Cost Index for Management, Professional and Related Groups, whichever is greater.
Document type
Contract
Source document
Town of Perryville Contract Annual Actuarial Services 2026-08-01

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the professional services contract by Town of Perryville?

Gallagher Benefit Services Inc was awarded this professional services contract by Town of Perryville, as recorded on July 31, 2026. The contract value is $38,000 per year for Annual Services, plus automatic annual increases after June 30, 2027; $40,000 for One-Time Services; $350 per benefit calculation through June 30, 2027, subject to annual increases thereafter; time-and-materials hourly rates for out-of-scope services.

How much is the Gallagher Benefit Services Inc contract with Town of Perryville worth?

The Gallagher Benefit Services Inc contract with Town of Perryville is valued at $38,000 per year for Annual Services, plus automatic annual increases after June 30, 2027; $40,000 for One-Time Services; $350 per benefit calculation through June 30, 2027, subject to annual increases thereafter; time-and-materials hourly rates for out-of-scope services, covering professional services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Town of Perryville Contract Annual Actuarial Services 2026-08-01 (Contract), dated July 31, 2026 from Town of Perryville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Gallagher Benefit Services Inc hold?

Gallagher Benefit Services Inc 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 Gallagher Benefit Services Inc's profile

What is Town of Perryville currently buying?

Explore Town of Perryville's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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