Laserfiche WebLink
hildi Inc <br />Specializing in Actuarial Retirement Plan Services <br />January 14, 2008 <br />Mr. Tim Simons <br />Finance Director <br />City of Elk River <br />13065 Orono Parkway <br />Elk River, MN 55330 <br />DearTim and the City of Elk River: <br />Thank you for the opportunity to work with you on Actuarial Services for the City of Elk <br />River. We look forward to developing a valued business partnership with you on the <br />subject of Other Post-Employment Benefits under GASB Statement No. 45. The <br />enclosed booklet will cover the scope of services and highlight the strengths of the <br />actuarial firm, Hildi Incorporated. <br />Qualified Actuaries <br />First and foremost, we would like to stress that your business is important to Hildi <br />Incorporated. The history of our firm is spelled out in the "About Hildi Incorporated" <br />section of this proposal. The consultants at Hildi Incorporated are seasoned actuarial <br />consultants specializing in the health and welfare and pension fields. All actuaries who <br />will be working on your account are credentialed actuaries -either Fellows of the Society <br />of Actuaries (FSA) or Associates of the Society of Actuaries (ASA.) Becoming an FSA or <br />ASA entails years of studying and exam taking while competing for passing marks <br />against other top candidates throughout the country. Other practicing actuaries have <br />never completed the entire course of actuarial study, but all actuaries at Hildi Inc. have. <br />Please see our Biographies and Resumes included in the Appendix section. <br />Experienced Actuaries and Responsive Service <br />Second, at Hildi Incorporated, we monitor our workflow and capacity levels in order to be <br />the most responsive to the client projects that we take on. Hildi Incorporated has made <br />the commitment to specialize in actuarial work under GASB Statements 43 and 45. The <br />consultants at Hildi Incorporated have recently been working with cities, counties, school <br />districts, and other public entities all over the country on GASB Statement No. 45 and <br />with large corporations since the early 1990s on post~mployment health and welfare <br />benefits and actuarial valuations under FASB Statement No. 106. <br />Hildi Incorporated <br />