Dedham (Mass.) Contributory Retirement System hired Sherman Actuarial Services as its actuary, according to Lynn M. Carley, administrator for the $100 million defined benefit pension fund.
The pension fund sought an actuary because it is required by law to have an actuarial valuation every two years. The Massachusetts Public Employee Retirement Administration Commission completed Dedham's last valuation, according to Ms. Carley.
The RFP was issued in September.