The board was notified of two recent equity manager terminations and a new private equity commitment.
The plan has issued RFPs seeking an active core fixed-income manager as well as index managers.
The organization revised its target asset allocation last week, boosting its target to fixed-income at the expense of REITs, which is expected to result in the liquidation of an exchange traded fund.
The plan hired two managers after interviewing a total of four finalists last month.
The pension plan hired a manager to implement its maiden 7% target to domestic fixed-income as part of a new asset allocation policy in March.
The plan approved the search at its board meeting earlier this week and has a 6% target to global multi-sector fixed-income.
The pension plan hired a multi-sector fixed-income manager to replace a core-plus manager in March.
The plan will hire one additional firm in its multi-credit asset class search.
The church pension hired a new core fixed-income manager in addition to investments and co-investments in private equity and real estate in June.
The plan is seeking one or more managers to handle a portion of its short-duration pool.