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March 31, 2010

San Diego to look for actuary

San Diego City Employees’ Retirement System will launch an RFP to hire an independent actuarial firm to validate the results of the 2009 valuations.

Cheiron has been the $4.3 billion system’s actuary since 2005. Board rules adopted in 2008 require the system to hire an independent actuary if the system has the same actuary for more than five consecutive years.

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Posted by Tom Troceen