Title
Amendment No. One to Professional Services Agreement with MissionSquare Retirement for Retirement Health Savings Plan Recordkeeping, Administration, and Claims Processing Services - One-Year Term Extension (Contract No. C-7279-2)
Recommendation
a) Determine this action is exempt from the California Environmental Quality Act (CEQA) pursuant to Sections 15060(c)(2) and 15060(c)(3) of the CEQA Guidelines because this action will not result in a physical change to the environment, directly or indirectly; and
b) Authorize the Mayor and City Clerk to execute Amendment No. One to Professional Services Agreement with the International City Management Association Retirement Corporation, doing business as MissionSquare Retirement for Retirement Health Services Plan Agreement, Contract No. C-7279-2, extending the agreement term by one year through April 2027 and incorporating a reduction in annual administrative fees from 0.135% to 0.129%, with all other terms and conditions remaining unchanged.