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PROCESS �torstoa <br /> Part 2 <br /> TIMELINE <br /> The firm will identify the major tasks in the valuation engagement and the suggested timeline <br /> for completion. <br /> Our timeline is based upon the aforementioned steps of our Work Plan . Please refer to page <br /> 30 for more details of the Work Plan. <br /> Step 1 — Draft and Approve Substantive Plan Provisions <br /> Step 2 — Collect Employee and Retiree Census Data <br /> Step 3 — Collect Benefit Plan Data <br /> Step 4 — Develop Initial Per Capita Costs <br /> Step 5 — Calculate all Projected Benefits and Present Values <br /> Step 6 — Calculate Expense and Liabilities <br /> Step 7 — Prepare Draft Report for Review <br /> Step S — Finalize Report <br /> The completion of Steps 1 , 2, 3 , and 8 depend on the response time and scheduling of the <br /> County and its vendors . The County will be required to collect data from various sources , <br /> pension boards and insurance carries. (Please see the Sample Data Request in Appendix A.) <br /> This process usually takes our clients between two (2) and ten ( 10) weeks . <br /> However, we anticipate that Steps 4, 5 , 6, and 7 (which are generally under our control) would <br /> be completed within four (4) weeks from the time we have all the data collected and verified as <br /> to completeness and accuracy. <br /> As long as the complete and accurate data is delivered by August 29 , 2007 , GRS will have no <br /> problem presenting the draft report to the County by September 26, 2007 . A final report will <br /> follow a few days after the County agrees to the draft report and any changes requested. <br /> DATA REQUIREMENTS <br /> The actuarial firm should list all data requirements, other than what has been identified in the <br /> RFP, that they require to complete the valuation and in what type of format that data must be <br /> provided. <br /> Please refer to Appendix A, "Sample Data Request, " to see an example of the data format and <br /> requirements . The County ' s actual Data Request will probably be somewhat different from <br /> this sample. Once GRS has been provided more information about the County' s healthcare <br /> and other OPEB plans we can create an official list of required data. <br /> C <br /> 7� Gabriel Roeder Smith & Company 39 <br />