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• Actuarial certification by the Contractor of the valuation results and GASB 67 and GASB 68 <br />financial reporting amounts contained in the report, based on the underlying census data <br />provided by INPRS, as well as the actuarial assumptions and methods selected and approved <br />by the INPRS Board. <br />• Employer specific GASB 67 and GASB 68 information, including net pension liability as of <br />the end of the year, pension expense for the fiscal year, a summary of outstanding deferred <br />inflow and outflow amortization bases provided, and other note disclosures and required <br />supplementary tables. <br />• A summary of the census data underlying the valuation, including comparative statistics <br />between the current year and prior year, based on the information provided to the Contractor <br />by INPRS. <br />• Disclosure of all assumptions and methods utilized in the valuation, as selected and approved <br />by the INPRS Board. <br />• Disclosure of the relevant plan provisions reflected in the valuation, based on relevant Indiana <br />statutes at the time of the valuation. <br />3. Fees <br />Fees for services and deliverables provided by the Contractor under this Contract will be $3,000 <br />for each actuarial report provided to the Employer. A separate report will be provided for each of <br />the Old Police and Fire Plans in which the Employer participates. <br />4. Coordination with INPRS <br />Employer shall coordinate with INPRS personnel to request an actuarial valuation and report from <br />the Contractor. All work performed and deliverables prepared by the Contractor will be at the <br />direction of INPRS on behalf of the Employer. <br />S. Timing <br />Contractor will begin work only after execution of this Contract and upon receiving such direction <br />from INPRS. This Contract will terminate upon delivery of the actuarial report to the Employer. <br />6. Terms and conditions incorporated by reference <br />The following terms and conditions of the Contract for Services between INPRS and the <br />Contractor, dated June 7, 2010, and as amended to date (the "INPRS Contract for Services"), are <br />incorporated herein by this reference: <br />• Sections 5 through 7 <br />• Sections 9 through 20 <br />• Section 22 <br />• Sections 24 through 27 <br />• Section 29 <br />• Section 32 <br />• Sections 34 through 37 <br />• Section 39 <br />