Illinois State Universities Retirement System, Champaign, is searching for a firm to provide actuarial audit services.
SURS, which oversees $16.3 billion in defined benefit assets and $1.5 billion in 401(a) assets, is looking to evaluate the work of its actuarial firm, Gabriel Roeder Smith, according to the RFP.
The work includes analyzing the appropriateness of actuarial assumptions, including the assumed rate of return, which is 7.25%
The RFP is available on SURS’ website.
Proposals are due Nov. 30. Trustees plan to make a hiring decision Dec. 10.