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Bethlehem Aggregated Pension Plan searching for consultant to advise on annuitizing frozen DB plan

Bethlehem (Pa.) Aggregated Pension Plan is seeking group annuity quotations and consulting services to advise on its officers and employees plan, which is frozen.

There is no current consultant, said Gene Auman, deputy city controller. This would be a separate consultant with separate duties than the $135 million aggregated plan's current investment consultant, Morrison Fiduciary Advisors.

There are currently 37 retirees receiving monthly benefits that total $62,989.77.

The RFP is available on the city's website. Proposals are due by 10 a.m. EDT on June 28. A selection is expected to be made by July 7, Mr. Auman said.