Fernandina Beach DB plans seek actuarial consultant

Fernandina Beach, Fla., is searching for an actuarial consultant for the city's two defined benefit pension plans, according to an RFP posted on the city's website.

Foster & Foster is the current actuarial consultant for the $12 million Police Officers & Firefighters Pension Plan and $11 million General Employees Pension Plan. It was not known whether the firm can rebid.

The RFP is available at www.fbfl.us/DocumentCenter/View/12900.

Proposals are due at 2 p.m. EST on Jan. 3. A decision is expected by the city commission on Jan. 15.

Patti Clifford, city controller, did not return phone calls for further information by press time.