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Commissioner asks Cornerstone for actuarial alternatives after raising Korn Ferry concerns

Bedford County Retirement Board · May 29, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Commissioner JR Winck told the board he had concerns about recent changes at actuarial firm Korn Ferry and asked Cornerstone to provide a list of alternative actuaries and county references; Cornerstone agreed to follow up.

During the May 29 meeting, Commissioner JR Winck raised concerns about changes at actuarial firm Korn Ferry and asked Cornerstone to identify other actuarial options. J.P. Cavaliere, senior consultant with Cornerstone, agreed to provide a list of alternative actuaries that Cornerstone works with and references from other counties that work with those firms.

Board follow-up items recorded included Cavaliere circling back with a colleague named "Chris" for additional perspective on Korn Ferry’s changes and providing the requested list and references. No formal motion or vote on changing actuarial providers was made during the meeting; the item remains open for future action.