CalSTRS today issued an RFP for a pension accounting consultant, a first for the $162.2 billion system, according to spokesman Ricardo Duran.
The California State Teachers Retirement System, Sacramento, is looking for a consultant team to research, design and implement a best-practice model for pension accounting and to provide CalSTRS employees transition support and training in its operation, according to a news release.
The contract period is up to 2.5 years with the option of a one-year extension. The RFP is available at www.calstrs.com/rfp. No selection date has been set.