Santa Barbara County Employees on lookout for actuarial consultant

Santa Barbara County (Calif.) Employees' Retirement System is searching for an actuarial consultant, confirmed Gary Amelio, CEO of the $2 billion pension fund.

Incumbent Milliman is invited to rebid. The contract is for three years beginning.Jan. 1.

The selected firm will provide annual valuations of the defined benefit plan, a biannual valuation of other post-employment benefits and an experience study once every three years, according to the RFP.

The RFP is available on the county's website. Proposals are due at 5 p.m. PDT Sept. 28. A hiring decision is anticipated in mid-December, Mr. Amelio said.