|
August 1, 2008
The consultant will develop a pension accounting model and
train
CalSTRS employees to use it.
SACRAMENTO, CA – The California State Teachers' Retirement
System (CalSTRS) today launched a search for a consultant team to research, design
and implement a best practice model for pension accounting and to provide CalSTRS
employees transition support and training in its operation.
The final filing date for proposals is Sept. 8, 2008, with the selection expected
to be in October. The request for proposals is available for viewing on the CalSTRS
Web site at www.calstrs.com/rfp.
The contract period is up to two-and-a-half years with the option of a one-year
extension. The services include:
- Business and technical consulting services in pension accounting.
- Accounting planning, policy development, treatment, internal control,
financial and management reporting, and process changes.
- Operational and transitional support to CalSTRS employees.
Established 95 years ago, the California State Teachers'
Retirement System, with a $162.2 billion portfolio, is the second largest public
pension fund in the United States. It administers retirement, disability and survivor
benefits for California's 813,000 public school educators and their families from the
state's 1,400 school districts, county offices of education and community college
districts.
|
