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Lackawanna County pension board authorizes RFQ for new actuary after Korn Ferry exit
Summary
With Korn Ferry exiting actuarial services, the Lackawanna County Pension Board approved issuing a request for qualifications to select a replacement, aiming to complete selection by the October quarterly meeting.
The Lackawanna County Pension Board voted to authorize release of a request for qualifications (RFQ) to hire a new actuarial firm after longtime provider Korn Ferry signaled it will exit the practice.
Board members said Korn Ferry has recommended a firm called GRS and that several GRS employees are former Korn Ferry staff, which could ease transition. Board staff said Korn Ferry’s current contract runs…
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