Illinois State Universities Retirement System, Champaign, authorized a search for an actuarial consulting firm, Daniel L. Allen, chief investment officer, said in an e-mail.
SURS plans to issue an RFP in September. It would be posted on its website.
“Gabriel Roeder Smith & Co., the incumbent, is welcome to rebid for the relationship,” Mr. Allen said.
SURS, which oversees $14.9 billion in defined benefit and $1.2 billion in 401(a) assets, plans to select a firm in December, Mr. Allen said.
The retirement system is conducting the search because it hasn't put the services out to bid since 2008, Mr. Allen said.
