Chicago Metropolitan Water pension fund chooses actuarial consultant

Chicago Metropolitan Water Reclamation District Retirement Fund hired Foster & Foster as actuarial consultant, confirmed Susan Boutin, executive director of the $1.1 billion pension fund.

Foster & Foster replaces Goldstein & Associates, which elected not to rebid. The other finalists were The Segal Co., Gabriel Roeder Smith and Cheiron.

An RFP was issued in July. Consultant Gray & Co. assisted.