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10B Action 2021 0607
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10B Action 2021 0607
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6/4/2021 10:05:44 AM
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6/4/2021 10:05:32 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agenda
Document Date (6)
6/7/2021
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PERM
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<br />Page 6 <br />EXHIBIT 1B <br />FEES FOR SERVICES <br /> <br />PARS will be compensated for performance of Services, as described in Exhibit 1A based <br />upon the following schedule: <br /> <br />An annual asset fee shall be paid from Plan assets based on the following schedule: <br /> <br /> For Plan Assets from: Annual Rate: <br /> <br /> $1 to $10,000,000 0.25% <br />$10,000,001 to $15,000,000 0.20% <br />$15,000,001 to $50,000,000 0.15% <br />$50,000,001 and above 0.10% <br /> <br />Annual rates are prorated and paid monthly. The annual asset fee shall be calculated by <br />the following formula [Annual rate divided by 12 (months of the year) multiplied by the <br />Plan asset balance at the end of the month]. Trustee and Investment Management Fees <br />are not included. <br />200
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