Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Lackawanna County board approves three-year actuarial contract with GRS
Summary
The Lackawanna County board voted to approve a three-year contract with GRS for actuarial services after hearing that longtime provider Korn Ferry is exiting the actuarial business; the board also tabled approval of prior meeting minutes and scheduled a December pension review.
The Lackawanna County board voted to approve a three-year contract with GRS to provide actuarial services, following notice that longtime provider Korn Ferry is leaving the actuarial business.
The contract, presented as Motion 25-5030, was introduced by Speaker 1 and seconded by Speaker 3 after Speaker 2 described the procurement process. "Korn Ferry has notified us they are going out of the actuarial business, actually, at the end of this month," Speaker 2 said, and recommended moving to a new provider to maintain continuity for pension administration.
Why it matters: the county’s actuarial provider prepares…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
