Ohio council picks auditor for 2 statewide plans

Ohio Retirement Study Council, Columbus, hired Independent Fiduciary Services to conduct fiduciary audits of the $52.9 billion State Teachers Retirement System and the $9.1 billion Ohio Police & Fire Pension Fund, said Aristotle Hutras, council director. Nine IFS consultants will conduct the audits, which should be finished by the end of the year. The other finalist was a combination of Mercer Human Resource Consulting and Mercer Investment Consulting, Mr. Hutras said.