HomeMy WebLinkAboutWILLIAM M. MERCER-MEIDINGER - 1986-04-07CITY OF HUtO i-INt3TON BEACH
2000 MIAIN STREET CALIFORNIA 92648
OFFICE OF THE CITY CLERK
February 2, 1987
Wi1Iiam M. Mercer-Mei linger, In-
1 City 3oulevard 'nest
Suite M37
Orange, CFI 92663
Tire City Council of the City of Huntington Beach at its regular
rjeeting held April i, 198' approved a ccr.sultant agreement for
ac'turiai Services.
Enclosed is an executed COPY of Sa4L', aareer-ennt for your records.
Alicia M. ��entwo�rh
City Clerk
".': ht
Enclosure
{
i
(Telephone. 714.536-5227)
REQUE ' FOR CITE' COUNC ACTION
Date March 24, 1956
Submitted to: Honorable Mayor and City Council Members
Submitted by, Charles W. Thompson, City Administrat
Prepared by, Robert J. Franz, Chief of Administrativ�ervice
Subject: Actuarial Study on Long Term Medical Costs -_. .: ` .�7
Consistent with Council Policy? [Xj Yes [ } New Policy or E;eceptiork-- {
Statement of Issue,. Recommendation, Analysis, Funding Source, Alternative Actions, Attachments:
Statement of Issue: Une of the eiements of the current agreements with the Police and Fire
Associations is a commitment to conduct a study of the iong terra costs of the current City
i Medical Program compared to the PE_ iS Medical Program.
Recommendation: Approve the attached consultant agreement with
William M. Mercer-Meidiriger for Actuarial 5erviceM and an appropriation of $i5,000 for such
study
Analysis: Une of the biggest issues in the meet and confer process durir_ the past few years
has been the cost of medical insurance after retirement. Because of the rapidly escalating
cost of medical insurance, Lhis issue has become a high priority for employee organizations,
Currently the City allows employees to remain on the Grty`s inedic:al program after
retirement. Retirees pay the full cost of such medical insurance. The City and employee
organizations have proposed a variety of ways in the, past few years to reduce this cost burden
to the retiree ranging from proposals that the i-ity pwk-up the entire cost to less costly
proposals regarding cost sharing or funding the costs during tfae years of employment. Une
proposal that has been made a number of times is that the City contract with the Public
Employees Retirement System tPLRS) to join their medical insurance program. Ulder the
PE RS Program, the :w:ity eliminates all th-sir eu,,rent inediccal insurance programs and offer; to
its enraialoyees the various ritternatives that are provi= ed by 1 LJE S Nledic:al Plan. Sonic: of the
rmedicaI programs offered by 1~LR5 are jirinificantly less expe-.ibive than Cit,, alternatives,
while others are slightly more expensive than City coats. The PLRS Flan requi es that the
C ity's--inrribution toward the cost of the medical plans ue the sauce for both employees and
retirees !;ast and futurei. A recent amendment to the Pf;kb law would this rFemtirement
to be met gradually, for retirees, o r a }period of years, eventually resulting in the same City
contribution for both employees and retirees. The current city contribution for employees is a
rraaximurn of $400 per month (no contribution towards retiree premium cost).
Because of the difficulty in projecting the futura r,,osts of the PEES Medical Galan compared to
the cost of the City Medical flan, the Police and lire Assoc°iations agreed in the current
MOU'a to share in the cost of a stud, to be conducted by an independent actuarial firm to
estimate the future costs of the two programs. Jhe Cnrra offer was made to MEA regarding
including them in the study on a cost -sharing basis and they ,nave also agreed to participate.)
The difficulty in projecting these costs is not only :related to the complexity of est'sniating
future medical costs but also the complexity in determining the n.imber ol-etirees that would
i be included under the program. The esUrnated cost of the study is $10,000 to $15,000. the
employee associations portion of that cast would be a maximum of $6,000 with the balance to;
be paid by the City. ` The study includes ali employees in the City. The Polic,a, Eire and MEA
represent 90% of those employees. The cost related to the study for the remainder of the city
A.mployees(app,oximate.y 10%) would be adsorbed by the City>
i�la af�4
4
'EUUEST FUR COUNCIL ACfTIL:U
Ac r •ial Study on Long Term Medical CITts
The study would be completed by mid June of this year. The City solicited proposals from
firms doing this type of business and received three such proposals. The three proposals were
reviewed by the Police and Fire Associations and City staff and all agreed that the
Mercer-Meidinger propossl most closely fits the requirements of the City for this study_ The
proposals from the other two firms indicate J higher costs and less relevant experience than
the proposal from mercer-Meidinger.
Alternatives; Request additional proposals ur select another firma.
Funding Source: Efriployee associations and unencufnbered general fund balance.
Attach.-netitss ConSUltant Agreement.
CITY OF HUNTINGTON BEACH
2000 h1AIN s°CREE7 CALIFORNIA 9264E
PERSONNEL DEPAR,mEj11I T
r
lr
July 11, 1986
tom"
/�/�
Mr. Harry S. Young
Principal/Actuary
William M. Merr-er-:Meidinger
One Gity Blvd. West #1437
Orange, CA 92668
Dear Mr. Young;
We have not yet received your Certificate of insurance_ Our
agreement with you will not be approved by the City Attorney s
office until the Certificate of Insurance has beer, received;
the —by delaying payment for your services.
Please submit the certificate at your earliest convenience,
Sincerely,
j
William H. O`'ness
Personnel Director
WHO.-jc
c,: City Clerkt,"
City Attorney
Deily City `igr./Chie" Admin. Services
2000 MAIN STREET CITY OF HUNTINGTON BEACH
CAL..IPORNIA92648
OFFICE OF THE CITY CLERK
1� 8, ?b
i3rr� Young
Principal, Actuary_
�Stuiam.;k- Mer-er-meidxnO'er'
One City 81v8. vie%E 1111--3
Orange Ea 92b6s
F the 1 v OF hunt ng.— Seac-
On April 7 1986 the L i a� Cou le 7 r v.
*-o S1?PT7-.V'.it�": Vcii3r F_,"^ Few aCtuarlai x?...,._...a
re o
T'-e _aree�p.. ^anrct bz� b, -cu e
tl
OF .nst,,ranceNhas beef: re�e!'' ed anC a0f'r*okf:' ' r 1e t.
w:e E 79 e i?S?'1CSP`! & COD, Cr vt1Ur acrpe3 pr" ? r <y 'tk
'"'' iP'a5£' ; t�.' Jr!` �hv lr'" �U:'?'?riP sr. wt":`-. i'+ �••.�.
LIty Clerk
Goy ''a
R. F. nz Adr1t 1rtr;At1ve
F.7 -4z
l ..
r
0
f
(Tdophons- 714-535-62-27)
CONSULTANT AGREEMENT BETWEEN THE CITY OF
HUNTINGTON BEACH AND JILLIAM M. MERCER-MEIUINCER
FOR ACTUARIAL SERVICES
THIS AGREEMENT, made and entered into this -�"' day of
rt 986, by and between the CITY OF HUNTINGTON
BEACH, a municipal corporation of the State of California, herein-
after referred to as "CITY," and WILLIAM M. MERCER-MEIDINGER,
authorized to do business in California, hereinafter referred to as
"CONSULT NT. tr
WHEREAS, xI`l'Y desires to engage t, sery it es of an actuarial
consultant to prepare a study to deter. e long -tent costs of
alternative medical plans; and
CONSUv."ANT has been selected to perforr said services,
NOW, THEREFORE, it is agreed by CITY and C.ONS'ULTANT as follows
1. PURPOSE
CITY here')y contracts with CONSULTANT to provide assist-
ante to CITY in addressing specific questions as set fortis in
Exhibit "A" which is datedd ,Z//Vr6 , and entitled "Actuarial
Ettily on Long-T-.'rm piedtcal Cost," hereinafter referred to as Exhibit
„Ar and: Incorporated herein by thin reference,
2. SCOPE OF WORK
CONSULTANT will provide the :services to be rendered as »yet
for'6h in Exhibit "A," workplan for addressing specific issues
related to medical costs. CITY's objectives include the determina-
tion of the Tang -term cysts of CITY's present medical insurans,e
program and the long-term posts of participation in the P'ERS medical.
program.
1.
3. COST, FEE, AND PRICE
CITY agrees to pay CON-SULTANT consideration for its ser-
vices as described herein. The maximum price, to be paid by CITY to
CONSUT ANT, shall not exceed fifteen thousand dollars ($15,000).
4. TIME PERIOD
The term of this Agreement shall be for nine (9) weeks.
CONSULTANT shall complete aad submit all work products to CITY in
accordance with the schedule set forth in Exhibit "A."
5. INVOICES
CONSULTANT shall submit an invoice in duplicate to CITY
upon completion of the project. CONSULTANT shall br- compensated :'ot,
the services of those personnel employed as required in the perform-
ance of the Agreement on the basis of standard billing rates of said
personnel for the time such personnel are utilized in connection
with the work necessary to fulfill the terms of t ,is Agreement.
6. PAY14ENT
All ,payments by CITY shall be on completion of the
project, after the serviop has been provi, ,ITY shall pay in
accordance with the work on the pro je,.t .. complete 1, as
certified and billed by CONSU ,TANT in h ; , i r cr =oe. Payments for
services performed directly by CONSUM be by vouener or
check payable to and mai (.d first class
WILLIAM M. :iiERGER-MEIDINGE , INC.
One City Boulevard West, Suits 1437
Orange, California 9266A
T. TRANSFER: OF TITLE TO EQUIPMENT
Equipment and supplies purchased by CONSULTANT as a direct
charge item in connection with the performance of this Agreement
shall become the property of CITY upon payment of invoice for that
equipment and supplies submitted by CONSULTANT.
8. INSPECTION
CONSULTANT shall permit the authorized representatives of
CITY to inspect and audit all data and records of CONSULTANT relat-
ing to performance under thi& Agreement for a period of three (3)
years folicaing final payment for services rendered,
TERMINATION
If, through any cause wit:ain its control, CONSULTANT shall
fail to fulfill, in a timely and proper manner, ite obligations
under this Agreement, or if "ONSULTANT violates any of the terms or
stipulations 3f this Agreement, CITY will notify CONSULTANT in
writing of the deficiency. if deficiency is not removed within two
(2) weeks, CITY shall thereupon have the right to terminate this
Agreement by giving written notice to CONSULTANT of such termination
and to specify the effective date: thereof, at least five (5) days
before the effective date of such termination. In that event,
copes of all finished or unfinished :documents, reports, and other
materials prepared by CON uLTAN7 under 4his Agreement shal.i, at the
option of CITY, be made av&1lable to CITY, and CONSui-ATANT .shall be
entitled t�j receive compensation for all appropriate labor and
materials costs incurred prior to termination date
Notwithstanding the above, CONSULTANT shall not be relieved of
liability to CITY for damages sustained by CITY by virtue of any
breach of Agreement by CONSULTANT, and CITY may withhold any payment
to CONSLLTANT for the purpose of set off until such time as the
exact amount of damage due to CITY from. CONSULTANT is determined.
3.
d
The maximum amount of any such damages shall not exceed the total
amount of this Agreement.
CITY shall be liable for all costs and a prorate of the fixed
fee incurred prior to the stopwork period and for restart. CON-
SULTANT shall make all reasonable efforts to minimize costs to CITY.
CONSULTANT has the same rights of termination as CITY.
10. CHANGES
In the event CITY arders changes from the 17_st of work
shown in Exhibit "A," or for other causes orders additional CON-
SULTANT work not contemplated hereunder, additional compensation
shall. be allowed for such extra work. CITY shall promptly notify
CONSULTANT in writing by change order of all changes in scope.
Change orders shall specify a cost iimit. Al change orders shall be
mutually agreed to by both CITY and CONSULTANT.
11. INFORMATION AND DOCUMENTS
All information, data, reports, records, charts, survey
results as are existing and available for carrying out the work as
outlined in Exhibit "A" hereof Shah be furnished to CONSULTANT
without ahaoge by 'MY, and f'-TY ,hall cooperate t.n every way
possible in tk.e carrying out of the work without .zndue delay.. All
reports, manuals, etc., produced „. CONSULTANT relating to. the
project shall be owned by CITY. CONSULTANT may retain and use
Internal copies of all working papers Pend pro.4pct prod, cts.
12. MANAGEMENT
c
During the term of this Agreement, CONSULTANT shall
provide sufficient executive and administrative personnel as ehall
be necessary and required to perform its duties and obligations
I
I
A
under the terms hereof. Mr-. Harry S. Young will be in direct charge
of the project and shall supervise and direct the project. Any
change in the management of this Agreement by Mr. Young shall be
approved. by CITY in writing.
13. MATERIALS RETAINED
CONSULTANT shall retain project —related materials and
worksheets for a minimum of three (') years after the delivery of
the final product. Said materials and reports shall be available on
request to CITY.
14. KEY PERSONNEL
Key personnel identified as the project team shall be
assigned to this work and shall not be replaced by any other persons
without the written approval of C TY.
15. INDEMNIK-1ATION, DEFENSE, HALL HAR14LESa
CONSULTANT hereby agrees to defend, indemnity and hold
harmlesa CITY, its officers, agents and employees, from and against
any and all liability, damages, costs, losses, claims and expenses,
however caused, resulting directly or indirectly froin or connected
with CONSULTANT's perf,.rmanoe of this Agreement (including but not
limited to such liability, costs, lamage, loss, claim, or expense
aril n , from, tf:e death or injury to an agent. or employee of CON
SULTANT, snb,_ontra,tor, if any, or of CI-Y or damage to the property
of CONSULTANT, subcontretor, If any, or of CITY or of any agent or
employee of the CONSULTANT, subcontractor, if r ., or of CITY),
regardless of the passive or active negligence of CITY, except where
saeb liability, damages, costs, losses, claims or expo Gses are
u,aused by the sole negligence or willful misconduct of CITY or any
5.
of its agents or employees including negligent omissions or corrmis—
sions of CITY, Its agents or employees, in connection with the
general supervision or direction of the work to be performed
hereunder.'
16. WORKERS' COMPENSATION
CONSULTANT shall comply with all of the provisions of the
Workers' Compensation Insurance and Safety Acts of the State of
California, the applicable provisions of Divisions 4 and 5 of the
California Labor Code and all amendments thereto; and all similar
state or federal acts or laws applicable; and shall indemnify,
defend and hold. harmless CITY from and against all claims, demands,
payments, suits', actions, proceedings and judgments of every nature
and description, including attorney's fees and costs presented,
brought or recovered against CITY, for or on account of any lia-
bility under any of said acts which may be incurred by reason of any
work to be performed by CONSULTANT under this Agreement.
17. INSURANCE
In addition to the Workers' Compensation Insurance and
CONSULTANT's covenant to indemni-I'y CITY, CONSULTANT shall acquire
and maintain in force, until the completion of the prof ect and
acceptance of all work by CITY, a policy of general liability
insuranc•i in which CITY zs named as an ade,,.tional insured. Said
policy shall. indemnify CIT" its officers and employees, while
acting within the scope of their duties, against any and all claims
arising out of or in connection with the prcject, and sliall provide
coverage in not less than the following a:counts. Combined single
limit bodily injury or property damage of $300,000 per occurrence.
I' 6.
Said policy of insurance shall specifically provide that any other
insurance coverage which may be applicable to the project shall be
deemed excess coverage and CONSULTANT's insurance shall be primary.
A certificate of insurance providing the current existence of said
policy shall by deli.vered to the City Attorney prior to the com-
mi_ncement of any work hereunder. All insurance and evidence thereof
shall be subject to approval by the City Attorney in writing. The
cer'.'ificate of insurance and the policy of insurance or endorsements
thereof shall provide that any such policy shall not be cancelled or
modified without thirty (30) days' prior written notice to CITY.
8. NON-DISCRIMINATION
In connection with the execution of this Agreement, CON-
SULTANT shall not discriminate against any employee or applicant for
employment because of race, religion, color, sex, age, or nat4lor.ial
origin.. CONSULTANT shall take affirmative action to in6are that �
applicants are employed, and that employees are treated during their
employmr;nt without regard to their race, religion, color, sex, age,
or national origin. Such actions shall include, but not be limited
to the following. -employment, upgrading, demoion, or transfer;
recruitment or recruitment advertising; layoff or termination; rate
of pay or other forms of compensation, and selection for training,
inclining apprenticeship.
19 SUBCONTRACTS
CONSULTANT shall not subcontraut any portion of the worm
required by this Agreement without prior written approval of CITY.
20 PROHIBITED INTEREST
No irtember, officer, or employee of CITY durinG his/her
7'.
tenure or one year thereafter, shall have any interest, direct or
indirect, in this Agreement or thr proceeds thereof.
21. NOTICES
All notices hereunder and communications with respect to
this Agreement shall be effective upon the mailing thereof by
registered or certified mail, return receipt requested, and postage
paid to the pers6ns named below:
TO CITY: 20 CONSULTF.NT:
Robert J. Franz, Chief, Harry S. Young
Administrative Services: Principal/Actuary
CITY OF HUNTINGTON BEACH WILLIAM M. MERCER-MEIDINGER
2000 'Main Street One City Blvd. Caest, #1437
Huntington Beach, CA 92648 Orange, CA 9268
22, SUCCESSION
This Agreement shall ;)e binding or, and inure to the
benefit of the heirs, executors, administrators, and assigns o` the
parties hereto.
23. HEADINGS
The headings or titles to para6raphs of this Agreement are
not part of the Agreement and shall have no effect on the c-astruc—
Lion or interpretation of any :art of this Agreement.
;Rest of Page not used)
$.
IN WITNESS WHEREOF, the parties hereto have caused this Agree-
ment to be executed by and through their authorized officers, the
day, month and year first above written.
CONSULTANT- CITY:
William 14. Mercer-Meidinger City of Hunt'_igton Beach
Harry S..Young, F.S� Mayor
Zj"q va, L.
Principal/Actuary
ATTEST: APPROVED AS TU FORM
�ZL City -Clerk Cit Attarn y
REVIEWED AND APPROVED: INITIATED AND AP- ROVET3:
Jj
City Admini s tratoiY Chief, A�rfnis''trativeA�rafnis''trative
Servic �s I '
9:
ILLIA M
M
MERCER- Ho o
Ky°f t�
Harry Young, F.S.A./Princttmi
February 13, 1986
Mr. Robert J. Franz
Chief of :administrative Services
Post Office Box 190
2000 Main Street
Huntington Beach, California 92648
RE: actuarial Study on Long Term Medical Cost
Pear Mr. Franz
Thank you fer the opportunity to submit this proposal.
As you may know already, William M. Merer-Meidinger,
Inc. is the largest employer benefits consulting firm
in the world and is the largest employer of actuaries.
As such, it is well qualified to perform the type of
actuarial study outlined in your Request for Proposal.
Our proposal will be presented in the same general
order of the items listed in Section IV (the Proposal)
of your Request for Proposal.
Methodology
Our projection of medical costs will be based on a
demographic projection of each employee group for the
next 30 years or so. This projection will estimate
for each employee group:
(1) growth of total membership, active and
inactive,
(2) age and sex distribution,
(3) composition of family (average number of
dependents), and
(4) changes in the proportion of employees or
dependents who are eligible for Medicare.;
The above projection will be perfccmed by our computer'
modeling programs.
Projected medical costs can then be derived by
applying economic assumptions to the demographic'
models.
N A-iarNh & Nici enndn to'n aany
One City Boulevard West 9 Suite 1437 •Change, California 92668 •714/937-1434
William M.M.ercer-1!!'fdinger, Incorporated
Assumptions and Census Data
In performing these studies, we seldom find that all
of the data we would like to utilize in our study are
available. Therefore, we are accustomed to using the
data available and making assumptions regarding mis-
sing information to formulate our estimates. Obvious-
ly, the more data you have, the more accurate the
results will be.
In our first meeting with the City and A.ssocia+-ion
representatives, we will evaluate the data available
and will discuss the actuGrial assumptions. We can
use most of the demographic assumptions used by the
PERS retirement plan such as mortality, turnover.,
disability (duty and non -duty) -;and retirement age. If
the City can provide more up-to-date data specific to
the City, we will use the better data.
The ecor:naic assumptions such as inflation in medical
costs, future salary increases will be discussed and
agreed upon with City staff.
We will also discuss the --ollowing data/assumptions
with you
(1) components of medical cost (hospital,
physicians, lab, etc.) if available,
(2) breaKdown of claims bt tween employees vs.
dependents,
(3) variation of dependents by age groups,
(4) future benefit changes,
(5) cost containment measures, and
(6) movement towarf or away from HMO's.
Timetable
(1) Collection of census data march 1
(2) Preliminary assumptions agreed
on between consu,Ltant and the
City March 1
;3') Demographic Models March 20
44) Preliminary results discussed
with the City and the Associa-
tions April 15
r
William KMercer-9dinger, Incorporated
Timetable (Continued)
(5) Feedback on assumptic.ns,
methods and results from
the City April17
(6) Final Report and formal
presentation April 30
Budget
Our fees will be based on the time spent and the
direct expenses. Our hourly rates are as follows:
Senior Actuar es $150 to $,175
Actuaries $1.25 to $150
Technical pport Staff $ 60 to $ 90'
Clerical/..cretarial $ 35 to $ 50
Based on our experience on similar projects, we expect
fees, to be between $10,000 to $15,000. Our fees will
not exceed $15,000.
We feel that an equitable way of allocating the cost
of the study between the employee groups is for
(1) determine the portion of the cost to be borne
by the City, and
(2) of the cost to be borne by the employee
groups, a portion of it (say 30%) should be
allocated evenly to various groups and the
rest should be allocated based on number of
members (active and inactive).
P Lment Schedule
Most of our clients pay our fees within 2 to 6 weeks
from the receipt of our invoice. our invoice will be
submitted upon completion of this project.
Project Team
The project team assigned co this project will consist
of Harry S. Yrung (Project Manager), Joy Theobald'
(Consultant) and trained actuarial staff technicians.
A brief description of the qualifications of Harry
Young and Joy Theobald are attached to this proposal
as Appendix A.
William Ai. Mercer-dinger, incorporated
Similar Projects
Mercer-Meidinger has been the actuarial consultant for
the PERS medical program. Mercer-Meidinger is also
the actuary for the PERS retirement program. As such,
it has extensive experience in working with the data
provi?ed by the PERS system.
Harry Young has been the consulting actuary for the
City of Anaheim for the past 6 years. During this
period he has performed the following projects:
(1) Annual budget projection of medical costs for
the City and the E:aployee Association,
(2) Post -retirement medical studies - study of
liability and pre -funding cost and redesign
of the post -retirement medical program,
(3) Expert witness in law suits i, n
employee benefits, and
(4) Design of the two -tiered retirement
other similar projects performed by Mr. Young i de:
(1) City of Orange - Annual medical cost
projections for the past 4 years,
(2) Torrance Police Officers Association - Post -
Retirement Medical Study,
(3) County of Fresno - Actu.4rial study of sick
leave and vacation policy, and
(4) County of San Bernardino Cost projection of
County's Medically Indigent Adult (MIA)
program.
Joy Theobald has worked with me on several of these
projects since joining our Orange office in 1983.
Respectfully submitted,
HARRY S. YC'UNG, F.S. .
Principal/Actuary,
HSY: DXSY: kd
William M. Mercer --Olinger, Incorporated
APPENDIX A
BIOGRAPHIES
HARRY S. YOUNG is a Principal and Actuary in the
Orange Office. He graduated Summa Cum Laude from UCLA`
with a B.A. in Mathematics in December, 1969 and was
elected Phi Beta Kappa. Harry is a Fellow of the
Society of Actuaries, a Member of the American Academy
of Actuaries and an Enrolled Actuary.
Mr. Young started his business career in 1966 at
Transamerica -Occidental Life Insurance Company of
California. Mr. Young joined the Los Angeles office
of Mercer-Meidinger in 1977 andtransferred to the
Orange Office in 1983.
JOY A. THEOBALD is a Consultant in the Orange Office.
She graduated from Illinois Institute of Technology in
December, 1975 with a R.A. in Mathematics. Joy is an
Associate in the Society of Actuaries, a Member of she
American Academy of Actuaries and an Enrolled Actuary.
Ms. Theobald joined Mercer-Meidinger in November,
1983. Prior to joining Mercer-Meidinger, Ms. Theobald
was a Vice President and Assistant Actuary at Booke S
Company in Columbus, 'Ohio. She also worked for anoth-
er consulting firm in Chicago from 1976 to 1979.
References
Mr Garry McRae - City of Anaheim:
Mr. Chris Chase City of Anaheim
Ms.. Terri Cable - City of orange
Lt. Dennis Frandson - Torrahee Police Officers Association
qLora,
E
pROOUCER
THIS CR*fFICATE IS tssuED TTER GF /i:09MAT►DN oatC Y AND CON'_ER5
NO R�GFCTS UPON T"L. GERTI q R. THIS �RTYFY ATE DOES HO7 AMEND,
EXTEND DR ALTER T CJAFFOROED BY THE POLICIES BELOW,
'
Marsh b McLennan, Incorporated''
1221 Avenue pf the Americas
COMPANIES AFFORDING COVERAGE
New York, NY 10020,
C-"""ANY A. St. Paul Fire and Marine Y.1j5ht'-aa a Company
?LETTER
f
C^M°ANY J
MarsE b McLennan Companies,
Inc, and/or
William M. Mercer-Meidinger
Inc. COMDE-TEEF Y C 4
THIS IS TO CERTIFY TH4- POtJCAES OF INSURANCE LIS-E., BE.Oµ HAVE _ . ISSUECTC-HE INSURE; NAME- ABOVE FOR THE Pa_I--Y PERI331NDIC�t`ED
Na"W.THS`ANDING: ANY REOUIR£M"T TERt1
OP. CONDITIoN of ANY CC : RAC' OF DD--JMEN- WT-t- RESPEC' TC µ'HIa, n 7Hit CER'IFI_A-E MA`'
BE, ISSUEC OF MAC PER-AIN THE INSURANCE
ArKD=tDEC Et -HE 00_1CIES DESCRIBE: HEREIN IS SJEJEC" 'C Ate_ -HE -ERMS EIC-USIDN.5 ANr COHa,
T*aMS OF SJCI- PO'ICIES.
-•+a.SA4?5
b.
GENERAL.'Lls'BiLIn
c
Aa,
6C2iv"Fe46C� 9,30'85 9.'30166
Deru'tY City
EXCESS..IABI_[TY
...._,.r»_,_...._�.,
w N;x •Hirt. J1"?�t.wA F,'>ql..
f
WORKERS COQPENSA T*h
A AND
IC2NAC 736 9,'3G'85 9 '31---'86 ' On
EMPLOYERS UABI--,'Y
OTHEF
OHEr
i
Oti:S: aiP`i'Jh O< L}yEFA'IO<i57,.�A'1O".`S �Ht:,.ES'S��:* t a1.�5
PLEASE REFER ALL -INQUIRIES
TO THE FISF: MANAGEMENT DEPARTMENT,
C
MARSH C MCLENNA2 COMPA2:IES
INC., 1221 AVENUE OF THE h2lEF,ICAS,
E[
an Additiona
City' of Huntington Beach*
SMODU?ANY THE DO DESMSED PJJCIES BE CAN ELEO BEFORE THE EX.
2000 Main' Street
I'MATION ATE T ER F, 7H IS!' NG COMPANY LL ENDEAVON SO
Huntington Beach CA 92Fi4B
,
MAIL 3V DAYS HOT TO CERTF➢G► R NAMED TO THE
GEt « " F&L L T CE IAA-'L N TIOH OR
Or ANY ' U jok cowpAt& TTS, GENT NTATIVES
"ATrVE '
i
k