SEARCHES AND HIRES

Texas Teachers scouting for proxy-voting, actuarial firms

Texas Teacher Retirement System, Austin, is searching for providers of proxy voting and actuarial services for the $133.2 billion defined benefit plan.

The pension fund is searching for one or more proxy voting service providers, according to the RFP available on the Texas Electronic State Business Daily service.

A time frame for hiring firms has not been set, but the four-year contract will start as soon as possible and expire Aug. 31, 2021. TRS' existing provider, Institutional Shareholder Services, is permitted to rebid under the terms of the RFP.

Proposals are due by 3 p.m. CDT on May 3.

Separately, TRS is searching for an actuary to perform pension fund review and reporting services, according to a separate RFP, which also is available on the state procurement website.

Gabriel Roeder Smith & Co., the fund's current actuary, is permitted to rebid under the terms of the RFP.

Proposals are due May 8, and finalists will be presented to the TRS board for selection on July 13. The four-year contract will begin on Aug. 1, 2017, the RFP said.

Both searches are being conducted as part of routine rebidding requirements.