Pension Funds

Hollywood Employees picks new pension administrator

Jennifer Kerr was named pension administrator of the $304 million Hollywood (Fla.) Employees' Retirement Fund, according to a letter of intent to award on the city's website.

The city issued an RFP in March as a due diligence measure, said Lisa Castronovo, outgoing administrator, at the time. Ms. Castronovo, who was an independent contractor appointed by the board of trustees, was invited to rebid. She departed the pension fund following its June 13 board meeting.

Ms. Kerr was pension administrator of the $224 million Hollywood (Fla.) Firefighters' Retirement System. Dave Williams and Bob Dorn of third-party administration firm Precision Plan Administration were appointed to serve as interim administrators, according to June 15 board meeting minutes.

Neither Ms. Castronovo nor Ms. Kerr could be immediately reached to provide further information.