...10 billion deficit in the Public Employee Retirement System and Teacher Retirement System. The idea of holding Mercer Consulting, the state's former actuarial consultants, accountable for projections that failed to take into consideration...

...liability, state officials say, was bad actuarial estimates of future costs provided by the state's actuary, Mercer Consulting. The state fired Mercer and sued it for fraud, last year winning a $500 million settlement from Mercer's parent...

...been bought out by one of its top competitors. San Francisco-based Callan Associates, Inc. will be merged with Mercer Consulting to form one of the world's largest investment advisory firms. Mercer, however, has a checkered history with...

...We woke up one day and found ourselves deeply in the hole," he said. The ARM Board is now in litigation with Mercer Consulting, its former actuary, accusing Mercer of having failed to accurately anticipate those costs. The numbers Buck uses...