District of Columbia Retirement System issued RFPs for a new actuary. The $1.9 billion systems contract with Milliman USA, the current actuary, expires June 30, 2004, but DCRB has the right to terminate the contract at any time, said Betty-Ann Kane, executive director. Trustees "just wanted to do a search, Ms. Kane said. Milliman can rebid.
Proposals are due March 31. Although the RFP asks for applicants policies on the amount of liability they will accept for their work, it does not exclude consulting firms that impose limitations.