Trumbull (Conn.) Town and Police Department Retirement Income Plan issued an RFP for an actuarial firm, according to a posting on the town's website.
The selected firm will also provide consulting services to the town with regard to the $54 million plan and retirement benefits, according to the RFP. It will also provide consultant and advisory services regarding plan design.
The RFP follows a decision by the town to unbundle the management of the pension plan. In the past few months, the town has hired an independent consultant and appointed another firm to provide custodial and administrative services. A single provider had administered all services, including actuarial services.
A PDF copy of the RFP is available from the town's website.
Proposals are due March 13. Finalist interviews will be held the week of March 26 with a decision expected by June.
Maria Pires, finance director, did not return telephone calls for additional information.