DeLand (Fla.) Firefighters' Retirement Plan hired Foster & Foster as actuary, said Barbara Jacob, payroll/pension administrator. The $7 million pension plan terminated previous actuary Segal Co. because trustees were not happy with the firm's service, Ms. Jacob said. Foster & Foster will not immediately begin any studies of the plan, she said. Smith Barney assisted.
"Segal is a mid- to large-sized consulting firm that concentrates on mid- to large-sized clients," said Mary Feldman, Segal spokeswoman. "The City of DeLand Firefighters plan is a better fit for a firm that concentrates on smaller plans," she said.