The board also recently made a private equity commitment.
The termination stems from personnel turnover at the firm.
The consultant will be responsible for a pension fund and an OPEB Trust.
The retirement system retained its incumbent after an RFP process last quarter.
The plan is seeking a firm to handle its $511.5 million domestic small-cap value equity option.
The system expects to issue a general investment consultant RFP tomorrow.
The city is seeking one or more firms to provide bundled services for its retirement plans.
The plans currently work with general investment consultant Segal Marco Advisors.
The district is seeking the services on behalf of its $415 million portfolio.
The pension system approved minimum qualifications in a search for at least one manager to handle $150 million to $250 million last week.