Illinois State Universities Retirement System, Champaign, issued an RFP for an actuarial consultant.
Gabriel, Roeder, Smith & Co., the incumbent, is invited to rebid, said Daniel L. Allen, chief investment officer of SURS, which oversees $15.4 billion in defined benefit assets and $1.3 billion in 401(a) assets.
Its contract will expire June 30, 2014, prompting SURS to initiate the search, Mr. Allen said. The retirement system isn't using a consulting firm to assist in the search.
The RFP is available on SURS' website. Responses are due Oct. 14.
The SURS investment committee is expected to make a recommendation Dec. 12 for the SURS board meeting Dec. 13.