CalSTRS Seeks Pension Accounting Consultant
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 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.