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request by Actuary as necessary for performance by Actuary under this Agreement. <br /> The Actuary may rely upon the County Data with no duty to audit; however, Actuary <br /> shall perform certain reasonableness tests on the County Data . The County agrees to <br /> provide a representation letter to Actuary upon transmittal of all such County Data . <br /> 2 . SCOPE OF INDEPENDENT ACTUARIAL VALUATION SERVICES . The scope <br /> of OPEB independent actuarial valuation services provided under this Agreement are as <br /> more specifically set forth in Exhibit " B" attached hereto and incorporated herein by this <br /> reference in its entirety (" Services") . The Services shall be performed in accordance <br /> with the provisions of GASB Statements 43 and 45 , as may be amended from time to <br /> time and in accordance with generally accepted actuarial standards . Actuary agrees <br /> that each independent actuarial valuation prepared under this Agreement shall conform <br /> to the requirements set forth in this Agreement. County and Actuary acknowledge and <br /> agree that a 20 (twenty) year projection using the " Closed Group" valuation method will <br /> be performed for County under this Agreement. <br /> 3 . ACTUARIAL RESPONSIBILITIES . <br /> 3 . 1 . The Services under this Agreement shall be performed in accordance with the <br /> framework in tab 3 , " Process , " consisting of pages 30 through and including 40 of the <br /> Actuary' s Proposal for Independent Actuarial Services , set forth in Exhibit " C" attached <br /> hereto and incorporated herein by this reference in its entirety . Actuary shall complete <br /> the year 1 and year 3 Services within five (5) weeks after receipt by Actuary of all <br /> requested County Data and the required representation letter as to same . Actuary <br /> shall complete the year 2 and year 4 Services within two (2) weeks after receipt of the <br /> County Data . . <br /> 3 . 2 . Actuary acknowledges and agrees that it possesses the ability to store all working <br /> papers and reports at the Actuary' s expense for a minimum of five years , unless <br /> Actuary is notified by the County to extend the retention period . The Actuary will be <br /> required to make working papers available , upon request, to the following parties or <br /> their designees : the County . In addition , Actuary shall respond to the reasonable <br /> inquiries of successor actuaries and provide actuarial assumptions in table format to <br /> successor actuaries . <br /> 3 . 3 . Actuary agrees to comply with all applicable federal , state , and local laws and <br /> regulations applicable to the furnishing of the Services set forth in this Agreement, and <br /> any provisions required thereby to be included herein shall be deemed to be <br /> incorporated herein by reference . <br /> 4 . ADDITIONAL SERVICES . If services in addition to the Services provided <br /> hereunder are required or desired by the County, the County may , at the sole option of <br /> County, either separately obtain same outside of this Agreement, or request Actuary to <br /> provide such additional services . The County and Actuary acknowledge and agree that <br /> any such additional services will be negotiated based on pricing that is consistent with , <br /> and comparable to , the compensation for similar Services covered under this <br /> Agreement. <br /> 2 <br />