Central Pension Fund of the International Union of Operating Engineers...

Central Pension Fund of the International Union of Operating Engineers and Participating Employers, Washington, hired Bolton Offutt Donovan as actuary, said Michael Fanning, CEO of the $7 billion pension fund. It replaced Watson Wyatt Worldwide after Watson Wyatt asked its pension fund clients to limit the actuary’s liability to one year’s fees or no more than $250,000. It also asked clients to indemnify the firm from damages over that amount when participants file lawsuits.