St. Louis Firefighters seeks actuary for new DB plan

St. Louis Firefighters' Retirement Plan is searching for its first actuarial consultant, confirmed Richard R. Frank, secretary.

The plan was created Feb. 1, the same day that benefit accruals were frozen in the $445 million St. Louis Firemen's Retirement System. Both systems will continue to function with separate boards of trustees.

The new plan currently has assets of $194,000. The Firemen's Retirement System is also required to transfer about $880,000 to the new plan.

The RFP is available from the city's website. Proposals are due July 29. A decision is expected in September for a five-year contract to begin on Oct. 1.