Allegheny County Port Authority, Pittsburgh, is searching for an actuarial consultant for its three defined benefit plans with a combined $693 million in assets, confirmed James Shearer, acting administrator.
The plans' previous actuarial consultant, Mercer, no longer offering general consulting services to public defined benefit plans, according to Mr. Shearer.
The RFP is available at the port authority website. Proposals are due at 2 p.m. EST Feb. 6.
Mr. Shearer referred questions to Deborah Jermalowski at the authority's procurement department, who did not return a phone call by press time.
The three authority plans are the Plan for Employees Represented by the Amalgamated Transit Union Local 85, the Plan for Employees Represented by the International Brotherhood of Electrical Workers Local 29 and the Plan for Employees who are Not Represented by a Union.