Vermont's three state pension funds - the $1.34 billion State Teacher Retirement System, the $1.09 billion State Employees' Retirement System and the $240 million Municipal Employees Retirement System, all based in Montpelier - issued a joint RFP for an actuary to provide yearly valuation reports. The incumbent is Mellon Financial Corp., which can rebid. Sealed proposals are due by 2 p.m. EDT April 18. Questions can be addressed to Donna Holden, contracts administrator, at (802) 828-3708, by fax at (802) 828-2772, or by e-mail at [email protected] The new contract is expected to start in May.
Separately, the employees' system issued an RFP for an auditing firm for its $184.2 million 457 plan. Proposals are due by 2 p.m. EDT May 2. The system does not currently have an auditing firm for this program. Questions about this RFP may also be addressed to Ms. Holden. Finalists are expected to be notified around May 23, with final selection around May 31 for a July 1 start date.