Operating Engineers, Local 77, Suitland, Md., hired Savitz Cos. as its consulting actuary, said William P. Dale, partner in the law firm of McChesney & Dale, which represents the $130 million pension fund. Incumbent Watson Wyatt was allowed to rebid, but the firm insisted that the plan indemnify it from losses in excess of a stipulated amount that might result from actuarial work; Mr. Dale said that was "a factor that was considered in making the switch.
Operating Engineers, Local 77, Suitland, Md., hired Savitz Cos. as its...
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