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The board unanimously awarded its actuarial services contract to Segal Consulting after comparing five firms. Investment advisers also recommended moving $6.5 million from PRIT Domestic Equity into US Investment Grade Bonds and Hedge Funds, beginning with a $3.5 million transfer.
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Segal Consulting will provide actuarial services to the retirement system under the newly awarded contract. Advisers recommended changing how $6.5 million in retirement investments is allocated, but the minutes do not record a board vote approving that full transfer. The board also approved two retirements, a $6,981,605.23 payroll warrant, and the release of two executive-session minutes with unrelated material redacted.
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