Watertown (Mass.) Contributory Retirement System hired Sherman Actuarial Services as actuarial consultant, confirmed Barbara Sheehan, director of the $100 million pension fund.
The Massachusetts Public Employee Retirement Administration Commission performed the most recent actuarial valuation for the pension fund, and Buck Consultants was the actuary prior to that. The hire is pending negotiations and PERAC approval.
An RFP was issued in February.