Truro, Nova Scotia, seeks out administrator, actuary

Truro (Nova Scotia) Pension Plan for Employees is searching for a firm to provide administration and actuarial services for the defined benefit pension fund, confirmed Heather MacLean, town purchasing officer.

The selected firm will provide advice on managing the plan's investments, maintain a database on benefits and provide actuarial services, according to the RFP.

Incumbent Morneau Shepell is invited to rebid. The contract is for five years, starting Dec. 31, with three additional one-year renewal options.

The pension fund had C$14.5 million (US$14.8 million) in assets as of Dec. 31, 2010, the most recent available information, according to the pension fund's annual report for the year ended March 31.

The RFP can be obtained by e-mailing Ms. MacLean at hmaclean@truro.ca. Proposals are due at 10 a.m. AST Nov. 16. A hiring date has not been determined.