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<br />e <br /> <br />conversation, he estimated that the project could be completed for $1,000. I <br />will try to get a second estimate by Monday. However, given the fact that <br />Mr. Holtz has completed similar studies, it may be best to utilize his <br />experience in this area. It is the Task Force's understanding that the City <br />Council is willing to pay certain legal and other costs necessary in order to <br />facilitate a change from the defined benefit to defined contribution benefit <br />plan. <br /> <br />ACTION REQUESTED <br /> <br />The Cou'ncil is asked to authorize the Fire Department Compensation Task <br />Force to interview and hire a consultant to perform the actuarial work <br />necessary to provide ending pension account balances at a cost not to exceed <br />$1,000. <br /> <br />e <br /> <br />e <br />