San Bernardino wants actuary to conduct one-time valuation audit

San Bernardino County (Calif.) Employees' Retirement Association is searching for an actuarial firm to perform a one-time audit of the $6.2 billion pension fund's actuarial valuation, confirmed Julie Underwood, chief of fiscal services.

The selected firm will “perform a complete replication audit of the June 30, 2013, actuarial valuation and review” conducted by the pension fund's actuarial consultant, The Segal Co.

Milliman was the last firm to perform the audit, in 2008, and is invited to rebid, Ms. Underwood said.

The RFP is available on SBCERA's website. Proposals are due at 5 p.m. PST Dec. 14. Finalists will be selected in February, with a hiring decision expected by April 12.